Private fund giants have spent more than a decade vacuuming up US life insurance assets in the hunt for stable capital. But in Europe, they’re having a much tougher time.
Since the collapse of Milan-based life insurer Eurovita in 2023, regulators and industry insiders have been on high alert over private-equity control in the sector. Eurovita’s owner at the time, British buyout firm Cinven Group Ltd. , didn’t stump up enough cash when policy redemptions left the insurer short. The company’s 350,000 customers ultimately had to be bailed outBloomberg Terminal by a group of banks and insurers.
Private Fund Giants Hit Resistance in European Insurance Hunt
