‘Bermuda Triangle’ Deal for Principal Financial?
March 3, 2021 by Kerry Pechter
Principal Financial Group, Elliott Investment Management, and Prosperity Life (majority owned by Elliott) may be headed for the same type of ‘capital liberating’ reinsurance deal that so many other life/annuity companies have struck with big asset managers in recent years.
There was just the right combination of vagueness and specifics in the “settlement agreement” between the Principal Financial Group and one of its major shareholders, Elliott Investment Management, to raise eyebrows—and questions—this week.
Originally Posted at Retirement Income Journal on February 25, 2021 by Kerry Pechter.
Categories: Industry Articles