A document from the NAIC's Financial Stability Task Force reflects the concerns that the NAIC has heard from a variety of sources about the increased ownership of life insurers by private equity firms. (Image from NAIC document.)
Investcorp hired Todd Fonner and Nathan Gemmiti, executives with experience at Blackstone and Apollo, respectively, to run its new venture providing investment guidance to life insurers.
A new Best’s Special Report, “Navigating the New NAIC Risk-Based Capital Factors,” states that insurance companies likely will see increased required capital for bonds.
'Bermuda Triangle' Digest
American Equity invests in residential real estate firm; Everlake Life is born, a child of Blackstone; AIG and Blackstone close $50 billion deal; Sunset Life rating under review after acquisition by Investcorp.
So far, Nationwide and Alliance Bernstein have joined the “Lifetime Income consortium,” which was created by Cannex, Broadridge FI360 Solutions, and Fiduciary Insurance Services.