Privately-Owned Insurers in the U.S. Life Insurance Industry

In the wake of the 2008/2009 global financial crisis, the U.S. life insurance industry underwent a spate of business sales/exits, spin-offs, and product changes in the 2010s which has continued through the 2020s. ALIRT has discussed many of the trends and factors that have contributed to this transition, and one of the most impactful developments has been the increased number of life insurance companies owned by asset managers, private investment funds, and other private investor groups. While privately-owned organizations have long been involved in the life industry (and the entire insurance industry for that matter), they have become increasingly active in acquiring life insurers in the years subsequent to the financial crisis. Some reasons for this trend include:

Cracks Starting to Show? Fallout From Collateral Issues with Vesttoo

It’s tough times for the U.S. property & casualty (P&C) Industry. Tough times for insureds who confront ever higher rates in most lines of business, for (re)insurers which are struggling to right-size pricing in the teeth of inflation and a volatile loss environment, and for regulators who, in personal lines especially, are caught between the conflicting demands of the first two. In addition, wholesale distributors vie for diminished capacity while retail producers lament market exits and spiking rates. Investors, for their part, wonder when the market will regain some sort of consistent footing.