Hints and tips:
Related Special Reports
...Kuvare manages insurance portfolios for annuity products that offer fixed payouts to the annuity holder each year....
...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...The insurers, which offer life insurance and annuity products to families across America, accused the rating agency of a “fixation” with 777 Re, the Bermuda reinsurer linked to the Miami investment group...
...Brookfield first took a stake in AEL in 2020, shortly after the insurer fended off an unsolicited takeover bid from Apollo’s annuities affiliate Athene Holding....
...Private capital groups have swept into life insurance since the financial crisis, with firms as big as Apollo, Blackstone and KKR either acquiring life insurers — providers of annuities and other products...
...’s life....
...For its part, Apollo notes that fresh investment in annuities and life insurance had been moribund for years — until it got involved....
..., Apollo’s life insurance and annuities subsidiary....
...A roll-up strategy launched by European private equity group Cinven ran into trouble after one of the life insurers it bought foundered because of a rush of withdrawals by annuity holders....
...A-Cap controls life insurers based in Utah and South Carolina. A-Cap chief executive Kenneth King late last month told insurance agents that AM Best’s downgrade was unwarranted....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...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...
...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...
...Apollo’s core liability base, its $250bn Athene annuity business, is not well understood by all Wall Street investors. Shares in Apollo are merely flat this year....
...Companies looking to do these so-called bulk annuity deals need to make the assets as attractive as possible to potential buyers....
...A new mortgage valuation will need to take place, so co-ordinate with your lender to ensure this gets booked in as soon as possible, as the offer for the new property is unlikely to be issued until this...
...The asset manager kept a portion of the debt for itself and Athene, its insurance arm, before selling the rest on to other investors and insurers....
...But it loves the section that includes $59bn of retirement annuities. It has its own ideas on deploying these....
...The Canadian alternatives giant agreed to buy annuities group American Equity Investment Life for $4.3bn....
...In 2020, AEL repelled an unsolicited joint bid from Apollo’s Athene unit, which had partnered with MassMutual....
...It bought a troubled block of annuities from AEL in 2009 that would eventually form the foundation of its Athene annuities business....
...The debate centres on the $3tn annuities market — financial products that life insurers sell to millions of US savers looking to build income streams for retirement....
...While the S&P 500 index tracks the biggest listed American companies, Apollo’s AAA is to be backed by nearly 200 investments made by Apollo’s retirement annuities merchant, Athene....
International Edition