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Apollo Global seeks more regulation for private equity insurers

Call for more regulation for insurers backed by investment firms

Top executives at private-equity giant Apollo Global Management LLC say they support more regulation and disclosure from life insurers that are backed by investment firms – as long as any extra oversight is applied equally across the industry. According to the Wall Street Journal, executives from Apollo and its Athene Holding Ltd. Insurance made this request earlier this week at a meeting of state insurance commissioners meetings in Washington.

Since its founding in 1990, Apollo has grown to become one of the world's largest alternative investment managers.  As of September 30, 2013, they had total assets under management of $113 billion, with a team of 691 employees located in 10 offices around the world.

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Alexis Harrison

Alexis Harrison is a Connecticut-based writer and public relations professional whose career spans both print journalism and broadcast news. Alexis started her professional life as...

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