Investor Accuses Company Of Depleting Assets With Poor Reinsuring Risks

Mealey's (May 31, 2018, 11:00 AM EDT) -- KANSAS CITY, Kan. — A financial company depleted its affiliated life insurers’ surplus assets by reinsuring their risks with one another rather than using “arm’s-length reinsurance treaties,” a total value annuity investor alleges in a May 22 class complaint filed in Kansas federal court (Albert Ogles v. Security Benefit Life Insurance Co., et al., No. 18-02265, D. Kan.)....

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