Original source: https://www.wsj.com/articles/for-blackstone-insurance-is-next-big-push-on-route-to-1-trillion-asset-goal-11557312738
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Wall Street Journal (05/08/19) Gottfried, Miriam
Blackstone Group would like to turn its insurer into a grid, aiming to more than twice the $50 billion of fixed-annuity along with other insurance assets it manages over time. FGL Holdings Inc., the life-insurance company formerly called Fidelity and Guaranty Life, ” is in the middle of all Blackstone’s insurance plan. Blackstone puts a lot of the insurance policy money that is new to work in its real-estate debt industry and also in funds handled GSO Capital Partners, by its own credit department, and early results are promising. FGL’s investment yield jumped from 4.21percent in 2017 to 4.64% in 2018, although the danger rating on its investments as measured by the National Association of Insurance Commissioners stayed exactly the same, according to a April 5 FGL investor presentation. While critics at rival insurance companies and professors have argued that such vehicles are riskier than they may seem because they frequently blend riskier pieces of assets like financing obligations or mortgage-backed securities with safer ones, proponents state companies like FGL are more focused on risk management than many U.S. life insurers and are clear in their assets…. Read More
Thank you! And please call us if you need assistance when negotiating with your insurance adjuster. NO claim, NO fee!
Original source: https://www.wsj.com/articles/for-blackstone-insurance-is-next-big-push-on-route-to-1-trillion-asset-goal-11557312738
We access the world wide web effortlessly to help you to relate to the need of keeping a Property Damage Adjustment Consultant on your side. Take a look at this web post we located.
Wall Street Journal (05/08/19) Gottfried, Miriam
Blackstone Group would like to turn its insurer into a grid, aiming to more than twice the $50 billion of fixed-annuity along with other insurance assets it manages over time. FGL Holdings Inc., the life-insurance company formerly called Fidelity and Guaranty Life, ” is in the middle of all Blackstone’s insurance plan. Blackstone puts a lot of the insurance policy money that is new to work in its real-estate debt industry and also in funds handled GSO Capital Partners, by its own credit department, and early results are promising. FGL’s investment yield jumped from 4.21percent in 2017 to 4.64% in 2018, although the danger rating on its investments as measured by the National Association of Insurance Commissioners stayed exactly the same, according to a April 5 FGL investor presentation. While critics at rival insurance companies and professors have argued that such vehicles are riskier than they may seem because they frequently blend riskier pieces of assets like financing obligations or mortgage-backed securities with safer ones, proponents state companies like FGL are more focused on risk management than many U.S. life insurers and are clear in their assets…. Read More
Thank you! And please call us if you need assistance when negotiating with your insurance adjuster. NO claim, NO fee!