Equitable’s $32B Deal, Athene’s CFO Pick, Remote Work Trade-Offs & Reinsurance Risks
Life Annuity Specialist
A news service from the Financial Times for the U.S. life and annuities industry
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Earlier this week, Equitable announced a blockbuster $32 billion reinsurance deal with RGA. To find out what the carrier plans to do with the nearly $2 billion in proceeds, click here.
Athene has tapped the chief accounting officer of parent Apollo Global Management to be its new CFO.
We reported the results of a reader survey which showed that a majority would take at least a 5% pay cut to work from home — some even more — but there are some caveats.
Investors are piling into reinsurance sidecars, according to a study by A.M. Best, but there are signs that overreliance on the vehicles by some carriers could pose risks.
The head of the American Council of Life Insurers used his speech at a recent conference to take aim at the $24 billion hit imposed on the life insurance industry by Trump's 2017 tax bill and rally carriers to avoid seeing those "uniquely punishing" provisions included in its renewal.
Also, Banner Life has sued a Texas man accusing him of being a serial imposter in a repeat stranger-originated life insurance scam that has already taken at least two major carriers for millions of dollars.
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