Alexandre Rajbhandari
@alexrajbhandari.bsky.social
Bloomberg reporter covering Warren Buffett and US insurance.
Views are my own, reposts are not endorsements.
Views are my own, reposts are not endorsements.
Today, @laura-benitez.bsky.social and Scott Carpenter are looking at how the retirement savings of ordinary Americans are used to provide a lifeline to private equity funds, in the form of an esoteric type of financing: NAV loans.
November 19, 2025 at 2:55 PM
Today, @laura-benitez.bsky.social and Scott Carpenter are looking at how the retirement savings of ordinary Americans are used to provide a lifeline to private equity funds, in the form of an esoteric type of financing: NAV loans.
Thanks Ian!
November 19, 2025 at 12:55 PM
Thanks Ian!
I've spoken with policyholders who are fearing life-changing losses.
www.bloomberg.com/features/202...
www.bloomberg.com/features/202...
When Wall Street’s Insurance Playbook Goes Wrong
Almost a decade after a private equity firm began reshaping a struggling life insurer, authorities are grappling with a $2.2 billion shortfall. Policyholders fear life-changing losses.
www.bloomberg.com
November 17, 2025 at 10:45 PM
I've spoken with policyholders who are fearing life-changing losses.
www.bloomberg.com/features/202...
www.bloomberg.com/features/202...
Today, we're looking at the story of PHL Variable Insurance Company – a cautionary tale of what can go wrong when private equity expands into life insurance. Almost a decade after its takeover, authorities estimate the entity is facing a $2.2 billion shortfall.
November 17, 2025 at 10:45 PM
Today, we're looking at the story of PHL Variable Insurance Company – a cautionary tale of what can go wrong when private equity expands into life insurance. Almost a decade after its takeover, authorities estimate the entity is facing a $2.2 billion shortfall.
Today, we're looking at how #privateequity firms and other alternative asset managers are reshaping the once-staid world of life insurance, shepherding hundreds of billions of dollars to #Bermuda entities that lose US protections while making opaque, complex bets.
November 17, 2025 at 12:06 AM
Today, we're looking at how #privateequity firms and other alternative asset managers are reshaping the once-staid world of life insurance, shepherding hundreds of billions of dollars to #Bermuda entities that lose US protections while making opaque, complex bets.
This, as well as investments in structured credit and lower rated bonds, allows the firm the reap peer-beating returns.
But the strategy stands out, sparking concerns across the industry and among regulators.
But the strategy stands out, sparking concerns across the industry and among regulators.
December 20, 2024 at 5:52 PM
This, as well as investments in structured credit and lower rated bonds, allows the firm the reap peer-beating returns.
But the strategy stands out, sparking concerns across the industry and among regulators.
But the strategy stands out, sparking concerns across the industry and among regulators.
The insurer had $11.8 billion invested in collateral loans to affiliated entities last year.
December 20, 2024 at 5:52 PM
The insurer had $11.8 billion invested in collateral loans to affiliated entities last year.