Why Life Insurers Fly into the ‘Bermuda Triangle’
August 12, 2020 by Kerry Pechter
Private equity firms have steadily acquired U.S. life insurers and blocks of fixed annuity business and moved the blocks offshore to free up capital. This worries some people.
Yesterday’s second quarter earnings conference call with senior executives of Athene Holding offered a window into the most significant trend in the life insurance industry over the past five years: the development of an asset management model that feeds on blocks of fixed annuity contracts.
Originally Posted at Retirement Income Journal on August 6, 2020 by Kerry Pechter.
Categories: Industry Articles
