Private equity’s headlong rush into the life insurance industry has misaligned incentives, inflated risky assets, and produced a crop of “zombie insurers” just waiting to blow up, according to one of the few insiders willing to say so out loud.
“We know them, we see them, we whisper about them,” Anant Bhalla said on the latest episode of Semafor’s Compound Interest. “We need to speak more openly about it.” READ MORE