Rescued or Captured Private Equity and Life Insurance
Speakers: Lawrence J. Rybka
Year: 2015
Body of Knowledge:
Product,
Regulatory
Competence: Technical |
Level: Broad |
Session Rating: 4.80
In the last few years, private equity interests have purchased a number of insurance carriers including Sun Life of Canada, Aviva and Lincoln Benefit Life. This session will examine the financial engineering behind these transactions and the risks it may pose for policyholders. It will explore the related topic of the controversial use of "shadow insurance" or captive reinsurance arrangements that carriers are using to offset the reserving requirements created by long term guarantees.