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    • KKR Says the Annuity Market Still Looks Good

    August 12, 2020 by Allison Bell

    KKR & Co. is still planning to pay $4.4 billion to buy Global Atlantic Financial Group Ltd., a major life and annuity issuer.

    Some of the insurer already in the annuity market are trying to get out, because of concerns about the effects of low interest rates on bonds and big ups and downs in stock prices.

    Scott Nuttall, KKR’s  co-chief operating officer, talked about his company’s decision to swim against the annuity tide last week, during a conference call with securities analysts.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at ThinkAdvisor on August 10, 2020 by Allison Bell.

    Categories: Industry Articles
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