Third Point Joins the Triangle, Cayman-Style

By Kerry Pechter
Another asset manager goes subtropical. Third Point Investors Ltd. established Malibu Re in the Cayman Islands, bought a Texas life insurer from Mutual of America, acquired a private credit shop, and received $25m each from Voya and ReliaStar.
Anecdotal Evidence

A Bridge from Private Markets to 401(k)s?

Secondaries are to private markets what repo markets once were to banking —a critical but sometimes invisible layer of leverage and liquidity.

Tax Cuts and Culture Wars Don’t Reduce the National Debt

By Eugene Steuerle
Politicians busy themselves with tax cuts, culture wars, and battles over minor parts of the U.S. budget, rather than focusing on the big ticket items that drive our perennial budget deficits and long-term national debt, writes this tax expert and former Treasury official.

The Bucket

By Editorial Staff
New record for annuity sales: LIMRA; Alight and MetLife partner to offer income annuities in DC plans; Annuities Genius launches AI-driven research tool; NAIC and ACLI differ over wisdom of publicizing insurers' RBC ratios.

COVER STORIES YOU MAY HAVE MISSED

October 2025

Gold, Not Tariffs, Saved the 1890s

By Kerry Pechter
President Trump said his "Liberation Day" tariffs would boost the U.S. economy the way President William McKinley's tariffs did in the 1890s. But the boom of the 1890s came from huge gold strikes and...
September 2025

Equitable Joins the ‘Bermuda Triangle’ Club

By Kerry Pechter
Equitable Holdings' recent reinsurance deals were the topic of critical articles in three financial publications this summer. Underneath the controversy, the leader of the RILA industry was catching up with the Bermuda mega-trend.
August 2025

A Fixed Index Annuity with a Dash of Risk

By Kerry Pechter
The Momentum Growth contract from Delaware Life introduces a bit of gambling to the FIA product category—but within guardrails, and only with what contract owners might call 'house money.'