Apollo CEO Worries About Insurers Heading to Cayman Islands

November 21, 2024 by Allison Bell

Capital counting rules for life insurance and annuity issuers are much looser in the Cayman Islands than in the United States or Bermuda, according to Marc Rowan, the CEO of Apollo Global Management.

Outside observers are right to ask questions when life and annuity issuers channel business through companies based in the Cayman Islands, Rowan told securities analysts last week during a call Apollo held to go over third-quarter results.

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Originally Posted at Think Advisor on November 13, 2024 by Allison Bell.