New York Life Transfers Nearly $2B in Liabilities to Blackstone-Linked Insurer
September 9, 2025 by Warren S. Hersch
New York Life’s quiet $1.9 billion reinsurance deal with Everlake underscores the blurring lines between traditionally conservative mutuals and carriers backed by private equity and alternative asset managers.
Read via Life Annuity Specialist
Wink’s Moore on the Market: Is New York Life Insurance Company taking the leap to the “Bermuda Triangle,” in order to offer a competitive indexed annuity?
With the recent launch of their New York Life IndexFlex Fixed Annuity FP Series annuities…AND their pending reinsurance agreement with Blackstone company, Everlake Life– it certainly looks like it.
New York Life was the #1 seller of annuities in 2Q2025, wit a 7.55% market share. They sell MYGAs, indexed annuities, and variable annuities in addition to SPIAs and DIAs.
Read more about the reinsurance transaction via Life Annuity Specialist (there is a paywall). -sjm
