While we’re on the topic of private equity-owned insurance companies…
October 17, 2023 by Sheryl J. Moore
Wow.
Award-winning journalism from John Hilton at InsuranceNewsNet?
Click HERE to read Critics call out Brookfield Asset Management asset transfers to insurer via INN.
Could be.
While we’re on the topic of private equity-owned insurance companies…
The president of Brookfield Asset Management indicated that there are, “plans to target allocating ‘40% of our insurance assets into private funds. Today, that number is only 6%.'”
Tom Gober, a forensic accountant, asks, “how different is Brookfield [Re] taking control of American National and engaging in buying a bunch of affiliated paper and going offshore with reinsurance? How is that really different from Greg Lindberg (of the defunct Global Bankers) doing similar activities?”
Birny Birnbaum of the Center For Economic Justice suggests that “regulators should place an ‘immediate moratorium’ on private equity firms acquiring life insurance companies, as fodder for their own securities.”
What do you think? Join in the conversation over on LinkedIn. Click HERE!
-sjm