Apollo CEO Questions Other Private Equity Investors’ Life Strategy
February 15, 2022 by Allison Bell
Marc Rowan — the head of the investment company that controls Athene Holding, and who has helped finance many of the biggest life insurance and annuity sector deals over the past decade — suggested Friday that some other investment companies that are buying life and annuity issuers are on the wrong track.
Rowan is the CEO of Apollo Global Management.
Click HERE to read the full story via ThinkAdvisor
Wink’s Note: Is it just me, or am I sensing a little, “You aren’t invited to my birthday party!” here?
As I have previously mentioned, 40.99% of all indexed annuity sales are through companies with private equity ownership.
Is Marc Rowan suggesting that outside of Apollo, there are very few PE companies that are doing this right? If so, that could be very bad for the annuity industry. -sjm
