Life, annuity acquisitions by AIMs hit $138B
January 30, 2013 by Warren S. Hersh
Acquisitions of annuity blocks of business by alternative investment managers now total $138 billion in value, new research shows.
Moody’s Investor’s Service, New York, published this finding today in a “Special Comment” that explores the growing number of “unwanted” annuity/life insurance businesses, credit implications of alternative investment manager firms entering the life/annuity space and AIMs’ interest in the market.
The report attributes the AIMS’ buyouts of life and annuity blocks of business in recent years in part to continuing low interests and, as a consequence, insurers’ earnings. Click here to read…