Private Equity Firms Face Life Insurer Safety Questions at Senate Hearing

September 13, 2022 by Allison Bell

Republican senators backed private firm owners of life insurers Thursday at a committee hearing on current issues in insurance.

Democrats who addressed the topic questioned whether regulators are doing a good job of monitoring and controlling investment risk at private equity-owned life insurers that take over responsibility for defined benefit pension plans through pension risk transfer deals.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on September 8, 2022 by Allison Bell.