How Annuity Risks Get Passed to the Bermuda Triangle

Leading private equity-linked fixed indexed annuity (FIA) issuers ceded the risk (the liability) of 95% of their 2021 sales to the balance sheets of affiliated or co-owned reinsurers located mainly in Bermuda.
Anecdotal Evidence

You Can’t Eat Your Own Head

By Kerry Pechter
The US faces an unsustainable fiscal imbalance of about $250 trillion over eternity, says an econometrics think tank. For several reasons, the analysis doesn't worry me.

Breaking News

By Editorial Staff
Income Lab launches ‘Life Hub’; Ubiquity and Paycor announce 401(k) partnership; Amber Williams to lead Lincoln ESG initiatives.

Pension experts assess ‘OregonSaves’

By Editorial Staff
Workers in industries and firms with low wages, volatile wages, and high turnover have trouble saving, even in state-sponsored, auto-enrolled Roth IRAs, research shows.

COVER STORIES YOU MAY HAVE MISSED

June 16, 2022

Why ‘Offshoring’ Annuity Risk Is Wrong

By Tom Gober
Many for-profit US life/annuity companies do not use independent reinsurers. They use an affiliated or captive reinsurer in a jurisdiction like Bermuda, the Cayman Islands, Vermont, or Arizona. This makes their operations less transparent.
June 3, 2022

NAIC Reassures Congress on Private Equity-Led Insurers

By Kerry Pechter
Responding to Sen. Sherrod Brown's March inquiry, the association of state insurance commissioners gave high marks to their own oversight of PE-linked life/annuity companies. But the NAIC's 'nothing to see here' message disappointed...