Experts Tim Zawacki of S&P Global Market Intelligence, Rosemarie Mirabella of AM Best, and Jason Kehrberg of PolySystems presented data on “Private Equity and the Life Insurance Industry” at LIMRA's 2022 Life Insurance Conference in Tampa this week.
A CDA 'unbundles' the two main parts of a variable annuity with a living benefit: the investments and the income guarantee. It gives advisors more investment flexibility than VA contracts typically offer. (Photo: Michael Finke)
FNF 'dividends' 15% of F&G Annuities & Life stock to shareholders; Ares Management announces $40 billion in lending commitments; Athene gets ‘Excellent’ strength rating from AM Best; KKR closes 'over-subscribed' $19 billion private equity fund.
'Given the apparent misconception in the marketplace and the recent increase in insurance company transactions,' one industry analyst said, 'The Department wishes to remind industry participants of its expectations.'
But "plan sponsors are overwhelmingly not considering, and will not consider, cryptocurrency a prudent investment option in a retirement plan," a Plan Sponsor Council of America survey shows.