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The Despite the fact the annuities can be traced back to Ancient Rome, they haven’t been given the same level of respect as other innovations from that time. I mean when was the last time you criticized the concept of aqueducts, bound books, newspapers, or highways? And, yet, for years people have proclaimed that annuities […] The post Best Annuity Companies appeared first on Due. ....
Fourth Runner-Up In November Election Is Now a Crescent City Councilor Ray Altman, the fourth runner up in the November 2020 Crescent City Council race, will have a seat on that governing body starting Monday. Altman, who lost to Beau Smith by a narrow margin in the Nov. 3, 2020 election, will take the seat vacated by Alex Campbell. Campbell, who lives outside Crescent City limits, resigned from the Council after pleading guilty to one count of election fraud on March 2. The four remaining Councilors voted unanimously Tuesday in favor appointing Altman to the empty seat. Three other candidates included Holly Green, Altman’s colleague on the Crescent City Planning Commission, Michelle Radison, who works for the Crescent City-Del Norte County Chamber of Commerce, and Bay Area businessman James Belardi. ....
Disappointed by its stock price, West Des Moines life insurance company Athene Holding will merge back with the private equity company that helped start it in a deal valued at $11 billion. The company announced the merger with New York investment firm Apollo Global Management on Monday, a move that Athene CEO James Belardi told investors will create a financial juggernaut. Executives for both companies said they hope the deal will make investors more confident, driving up share prices. The companies expect to complete the merger in January 2022. Driving the move: Executives for both Athene and Apollo feel investors are not properly valuing the life insurance company on the stock exchange. ....
Sixth Street This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Sixth Street has agreed to buy insurance company Talcott Resolution for $2 billion, the latest deal in a private-equity gold rush in the insurance sector. The acquisition fits within Sixth Street s Tao platform, which serves as an all-purpose investment vehicle to deploy capital in various forms. The deal is expected to close in the second quarter. Investment firm Sixth Street Partners has agreed to buy the insurance company Talcott Resolution for $2 billion, the latest sign that the private-equity industry is licking its chops at the long-term, steady returns offered by annuities and life insurance policies. ....