New Life and Annuity Deals May Be Complicated
June 10, 2019 by Allison Bell
U.S. life insurance and annuity players could make more complicated deals in the next year or so, and many of those deals could be structured as reinsurance arrangements.
Philip Salem, co-head of the Americas insurance sector in the investment banking division at the Goldman Sachs Group Inc., made that case today in New York, during a session on insurance deal activity, at the S&P Global Ratings 2019 Insurance Conference.
The two-day conference is bringing top life insurance company executives together with investment bankers and money managers.
S&P Global Ratings’ own ratings influence what deals can be made, and at what cost.
The deals that are completed may affect how many career agents life insurers need, and the range of life and annuity products that brokerage general agencies and other distributors can offer.