‘Reinsurance Sidecars’: A Capital Idea

By Kerry Pechter

Athene Annuity & Life sold the most fixed deferred annuities in the first three-quarters of 2024. Its parent, Athene Holdings, has attracted billions in just-in-time third-party capital through Bermuda 'reinsurance sidecars.' Coincidence? Not likely.

Honorable Mention

Federal watchdog report briefly covers U.S. insurance industry; Fidelity's annuity platform adds rare Fidelity annuity; High surrender rates accompany high annuity sales, AM Best says; Greg Lindberg pleads guilty to $2 billion fraud; Retirement got tougher for more people in 2024: EBRI.

Bermuda Shorts

Corebridge loses $1.2 billion on Fortitude Re derivative; Brighthouse turns to reinsurance for capital support; Kuvare-owned life insurer enhances FIA; RGA sidecar raises $480 million in capital.

Index-linked annuities lead sales surge: LIMRA

The overall sales leader was Athene Annuity & Life, with sales of $27.98 billion concentrated in fixed deferred annuities, followed by Corebridge, MassMutual, Allianz Life of U.S. and Equitable.

The Past and Possible Future of ERISA Regulation of Advice

By Andrew Oringer

Could the 'NeverEnding Story' of the Labor Department's fiduciary rule possibly be coming to an end? We may be close to a final answer, writes ERISA attorney Andrew L. Oringer of the Wagner Law Group.

Post-Election Overhang

By Kerry Pechter

Despite recent court rulings, Donald Trump's nominee for Secretary of Labor leaves some room for uncertainty over the future of rollover-related ERISA regulation.

Data Connection: Data Connection

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