How a Private Equity Firm Left a $2.2 Billion Hole in a Life Insurer
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.
By Alexandre Rajbhandari · Bloomberg Markets
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.