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Stock impact report

Blue Owl adds insurance assets with $750 mln purchase of Kuvare [Reuters]

PJT Partners Inc. Class A (PJT) 
Last pjt partners inc. class a earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Reuters
million in a cash-and-stock deal, underscoring the increasing demand for life insurance assets from investment firms. KAM manages assets for insurers, including Kuvare UK Holdings, which sells life insurance, annuities and reinsurance products. The deal will add up to $20 billion to Blue Owl's $165 billion of assets under management. In the last several months, life insurers have been joining hands with private equity and investment companies. Allowing such companies to manage insurers' assets can help improve margins, said Nathan Viehl, partner at law firm Thompson Coburn. The premiums that life insurers collect from policyholders can be a lucrative source of long-term capital for investment companies hunting for more assets to manage as the payouts on such policies are typically not due for years. But analysts have warned that the risk-averse insurance industry could be exposed to some perils if its alliance with private equity companies remain unchecked. "If private equit Show less Read more
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