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Insurance asset sales drawing private equity buyers

February 9, 2021

US insurers are increasing sales of annuities and other capital-intensive assets as interest from private equity buyers spikes.

Companies like Sixth Street Partners and KKR & Co have spent billions of dollars over the last year to snap up insurance assets they can use as launching points for more acquisitions, according to a Reuters report. Meanwhile, Blackstone Group recently bought a business after restructuring its insurance operations.

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