NY moves again on annuities
August 15, 2013 by Arthur D. Postal
A private equity firm that is acquiring Aviva’s annuity business has agreed to comply with heightened capital standards in connection with the acquisition.
The acquisition is being made by Athene Holdings, which is controlled by private equity firm Apollo. The decision of Apollo Global Management LLC (Apollo) to accept the heightened consumer protection was announced by Benjamin Lawsky, Superintendent of the New York State Department of Financial Services (NYDFS). Click here to read…
Originally Posted at LifeHealthPro on August 14, 2013 by Arthur D. Postal.
Categories: Industry Articles