Update on Proposed Regulation of Private Equity Investment in Insurance Companies

February 27, 2015 11:10am

Cheryl Bunevich

Sullivan & Cromwell LLP

Fred E. Karlinsky
Co-Chair, Insurance Regulatory and Transactions Practice Group
Greenberg Traurig LLP

  • Examining the recent rise in private equity firm participation in M&A activity in the insurance sector
  • Why are private equity firms interested in investing in the life and annuity insurance sector, particularly in fixed annuities?
  • What has been the states’ response to this?
  • Which states have joined New York in voicing concerns over the sale of insurers to private equity firms? What are the specific concerns?
  • What regulatory action have the states taken to address these concerns?
  • What action is the NAIC “Private Equity Issues Working Group” taking with regard to this issue?
  • What can we expect from the NAIC in terms of guidance on this?