Investor Files Amended Complaint Over Asset Depletion With Poor Reinsuring Risks

Mealey's (July 19, 2018, 10:26 AM EDT) -- KANSAS CITY, Kan. — In his June 6 amended complaint, a total value annuity investor alleges in a Kansas federal court that 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” (Albert Ogles v. Security Benefit Life Insurance Co., et al., No. 18-02265, D. Kan.)....

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