We bring you summaries of two papers on the federal debt (and why low interest rates don't justify more of it), an essay on why Biden's infrastructure spending plan shouldn't need budget offsets, a paper on how Social Security treats stay-at-home moms, and an analysis of how people respond to sudden wealth.
Observers of the "Bermuda Triangle" phenomenon worry about the quantity and the quality of the assets supporting reinsured annuities in regulatory havens like Bermuda, Vermont, Arizona and elsewhere.
With approximately $2.3 billion in assets under management as of March 31, 2021, Aspida plans to 'underwrite new insurance products, execute reinsurance transactions, and pursue opportunistic acquisitions.'
'Strong equity market gains and lower volatility, as well as rising interest rates all contributed to the remarkable rebound in the annuity market,' said Todd Giesing, assistant vice president, SRI Annuity Research.
White House nominates Lisa Gomez to lead EBSA section of the DOL; Blackstone to manage almost $100 billion for AIG by 2027; DOJ nixes Aon-WTW mega-merger; American Equity issues new FIA with lifetime income, disability riders; Rising liabilities offset market gains at big corporate pensions: Milliman; SIMON offers its first VA, from Midland National.