Hints and tips:
Related Special Reports
...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...Additional reporting by James Fontanella-Khan and Harriet Clarfelt in New York...
...An important financial backer of billionaire Josh Harris’s new asset management venture has received a rare public rebuke from Brookfield Asset Management, which complained that AEL, a life insurance company...
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...“People hear pay cheque for life, they think ‘great’. Then they hear the word annuity,” Ackerly said....
...of Athene, Apollo’s life insurance and annuities subsidiary....
...Additional reporting by Josh Noble and James Fontanella-Khan in New York...
...Iger has also drawn endorsements from heirs of company founders Roy and Walt Disney in recent weeks....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
...Last year, Apollo completed its acquisition of Athene — a life and annuities insurer it created in the wake of the 2008 financial crisis — as chief executive Marc Rowan prioritised credit investments as...
...London-based PIC has more than 300,000 policyholders amassed through so-called bulk annuity deals, where it takes over pension fund liabilities and the assets backing them from their sponsoring companies...
...Brookfield has offered to acquire American Equity Investment Life for $4.3bn, making it the latest private capital manager looking to expand in credit investing by adding retirement annuity and life insurance...
...entertainment companies.”...
...In the past three weeks, Japan’s Aozora, Deutsche Bank and New York Community Bancorp have all flagged potentially large losses due to their exposure to the US office market....
...One new nugget emerged on Monday when TMTG disclosed in an annual report that Patrick Orlando, the sponsor of the Spac taking the company public, had voted his shares in favour of the merger....
...Apollo keeps 25 per cent of the loans and shares the rest. And in 2021, Apollo fully merged with Athene Holding, the annuity insurance company it created in the wake of the global financial crisis....
...The deal is the latest in a line of private capital firms acquiring life insurance companies to take advantage of their own credit investing businesses....
...Back then sky-high salaries lured senior journalists to what was being touted as “the New York Times of the Middle East”....
...Two of the UK’s biggest ballet companies are under new management and both directors have boldly opened their autumn seasons with triple bills of modern classics and premieres, rather than bread-and-butter...
...A letter signed by several large traditional insurers including Equitable, MetLife, New York Life and Prudential, said “structured securities are important financial products, but they also have unique ‘...
...A recent critical column in the New York Times on 30-year mortgages prompted a punchy response in The Nation days later from economist James Galbraith....
...Steven Meier, chief investment officer for the $250bn New York City Retirement Systems, one of the largest pension schemes in the US, says it is planning to cut back investments in equity markets, in the...
...MassMutual, one of the biggest US life assurers, said a “small number” of its policyholders had been affected and that it had “paused” its pilot as a result....
...It also contains a valuable platform of hundreds of annuities salespeople who knock on doors and host steak dinners to drum up new policies for Brookfield to eventually manage....
International Edition