Private-equity firms are scooping up annuity firms and life insurers. Bottom line: Your monthly income check could soon come from a firm you’ve never heard of.
Insurers such as Allstate and Voya have pulled back from the business, creating an opening for asset managers with a higher appetite for risk
Many insurance executives trace a shift in life insurance and annuity policy ownership to James Belardi, now chairman and chief executive of Athene Holding Ltd.
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