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...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
...Their demands are intended to protect retirees, widows and orphans relying on annuities and other products from the insurers....
...Private capital investors have acquired more than $900bn in life and annuity assets in western Europe and North America, according to McKinsey & Company....
...Revived by high rates The long-standing pros of annuities are certainty, simplicity and security — a known income for life....
...The advantages of annuities are certainty, simplicity and security — the value of having a known income for life....
...’s life....
...For its part, Apollo notes that fresh investment in annuities and life insurance had been moribund for years — until it got involved....
...The Office for National Statistics’ National Life tables show that for those aged 65 between 2020 and 2022, men could expect to live another 18.3 years, and women another 20.8 years....
...of Athene, Apollo’s life insurance and annuities subsidiary....
...Follow Sarit and Itamar on Instagram @Honeyandco Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...Finding enough of these could get harder, especially as competition and scrutiny mount. Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...Apollo, alongside its insurance affiliates Athene and Athora, wants to be a superior investor of long-dated insurance and pension liabilities....
...A few weeks earlier, Japan’s Dai-ichi Life Holdings took a stake in Canyon Capital, a $20bn credit manager that made its name as a distressed and opportunistic debt expert....
...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....
...In 2019 Standard Life was fined £30mn for mis-selling annuities to customers over the phone between 2008 and 2016....
...It’s worth noting also that while Hipgnosis imploded and sector peers like Concord have responded to higher-for-longer interest rates by bulking up, the music-as-annuity business model has kept working for...
...“People hear pay cheque for life, they think ‘great’. Then they hear the word annuity,” Ackerly said....
...capital, it’s possible to buy a purchased life annuity (PLA) using a cash lump sum....
...Some bulk annuity providers such as Aviva and Legal & General are part of broader groups offering other types of insurance and investments but PIC, founded in 2006, is a privately owned specialist in the...
...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...
...Canada Life reported annuity sales doubling to £441mn in the first half of the year, compared with the same period in 2022....
...Mobile Pixels Geminos T, £619.99, laptopsdirect.co.uk Walk to work Reaching a target of 10,000 steps a day can be a challenge when you’re bound tightly to your desk – unless, of course, your desk has a...
...and bulk annuity sales....
...Then someone finally takes notice — an affable new co-worker played by Dave Merheje. But meanwhile, Fran lives a strange morbid dream life, seen in strikingly artificed tableau-like visions....
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