How Leveraged Are Bermuda Triangle Life Insurers?

By Kerry Pechter

The 'capital-light' strategies of Bermuda Triangle companies rely heavily on leverage. RIJ identifies several ways in which affiliated life insurers, asset managers and reinsurers use other people's money.

Mark Walter Brings Eyeballs to the Bermuda Triangle (I Hope)

By Kerry Pechter

Maybe the investigation of Dodgers' owner Mark Walter, Guggenheim Partners and Delaware Life will bring overdue attention to the private credit/annuity strategy that RIJ calls the 'Bermuda Triangle.'

A Flurry of Activity in the Triangle

Two regional banks pause sales of Delaware Life annuities; Malibu Life partners with Legacy Marketing to launch its first FIAs; Sun Life and Wilton Re in asset management/reinsurance deal; Cayman Islands seeks NAIC ‘qualified jurisdiction’ status; Pacific Life Re announces flow reinsurance deal in Japan; Hildene’s credit ratings posted ahead of SILAC purchase; Athene’s financial strength affirmed by AM Best.

When the AI Bubble Bursts, Who Will Be Left Holding the Bag?

By Eileen Appelbaum

The author, co-director of the Center for Economic Policy and Research, shares new research from Yale on the Bermuda Triangle warning that the risks of private credit may fall on the public.

Why Alt-Asset Managers Shouldn’t Own Life Insurers

By Larry Rybka

"We find it hard to recommend an alt-asset-manager-owned carrier when a comparable, well-run mutual or publicly traded company is available instead," writes Larry Rybka, chairman and CEO of Valmark Securities, Inc., in this highly-informed whitepaper (edited for length).

MYGAs Were the Top-Selling Annuity in 2Q2026

By Sheryl Moore

'This was another record-setting quarter for structured annuity sales, topping the prior 4th quarter 2025 record by 3.51%. There is no question that 2026 will set a record for structured annuity sales,' writes Wink CEO Sheryl Moore.

AM Best marks growth of offshore reinsurance

'Unaffiliated reinsurance deals outpaced affiliated deals in 2025 for the first time in three years, with the 10 largest unaffiliated reinsurance transactions in 2025 totaling over $107 billion, greatly surpassing the $35 billion in 2024,' AM Best reported.

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