Life insurer Brighthouse agrees to $4.1bn takeover by Aquarian
Acquisition extends private equity’s reshaping of US insurance sector by likes of Apollo and KKR
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Wall Street firms emerge as top bidders for insurer Brighthouse
TPG and Aquarian hope a deal will provide a ready source of investment capital from customer policy premiums
Equitable and Corebridge in talks to create $22bn life insurance giant
Plans come as private capital groups have hitched their growth to managing assets held by US insurers
Apollo’s insurer points finger at rivals over potential conflicts
US life insurers’ related party assets have come under scrutiny as private equity has piled into the sector
Top US insurance regulator warns of risks from push into private markets
‘Less appropriate’ investments have grown since arrival of Apollo and other private capital groups, warns watchdog
Apollo shrugs off rate fears with surge in private credit loans
Lender originated $75bn in new loans in the third quarter, up 21% on last year
Private credit exposure turns investors away from US life insurers
Inflated private ratings could mask credit risks and leave insurance companies undercapitalised