Bermuda Triangle Story
American Equity invests in residential real estate firm; Everlake Life is born, a child of Blackstone; AIG and Blackstone close $50 billion deal; Sunset Life rating under review after...
Another Annuity Issuer Enters the ‘Bermuda Triangle’
American Equity Investment Life Insurance Co., a top-ten fixed indexed annuity seller, is partnering with Brookfield Asset Management on a $10 billion reinsurance and investment deal. Their plan looks...
Prudential Sells $31bn Annuity Block to Bermuda Reinsurer
Fortitude Re will assume the assets and liabilities of a $31 billion block of Prudential annuities, and pay Prudential $1.5 billion. The block consists mainly of variable annuities with...
Bermuda’s Role in a Changing Annuity Industry
In this latest installment in our 'Bermuda Triangle' series, we ask why US life/annuity companies would reinsure liabilities in Bermuda, and why big private equity firms are creating reinsurers...
‘The Island is Calling Life Insurers’
Interest among US life insurers in capital-release through reinsurance in Bermuda is spiking. The opportunities are described in this guest column by actuaries Nick Komissarov and Faisal Haddad of...
Athene Takes Another Bite at Pensions Apple
In a pension risk transfer deal, Athene Holding will acquire about $4.9 bn in pension assets and liabilities from Lockheed Martin. But when do these deals become too much...
Principal Financial shrinks its exposure to retail annuities
The company said it 'will fully exit US retail fixed annuities— discontinuing new sales of its deferred annuities, payout annuities, indexed annuities—and will pursue strategic alternatives, including divestiture, of...
Security Benefit Life’s Secret Sauce
Joe Wittrock, CIO at Security Benefit Life, explains how the firm's investments outperform. Eldridge Industries, run by ex-Guggenheim president Todd Boehly, owns SBL, Billboard magazine (right, with Billie Eilish...