Leon Black Apollo Global Management    Drexel Burnham Lambert Epstein Executive Life Insurance Junk Bonds National Financial Services 1994 01-02-03 – Forbes – 1520p – ia800404.us.archive.org/31/items/forbes153janforb/forbes153janforb.pdf 1994 0314 – Forbes  71-76 – Executive Life / Leon Black / John Garamendi – Smart Buyer, Dumb Seller John Garamendi graduated Harvard Business School and must have slept…

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Apollo Global Management apollo.com/ Apollo Global Management  co-founder and former CEO of the private equity firm Leon Black – Chairman and CEO of Apollo Global Management – [VIDEO-YouTube] Drexel Burnham Lambert ~ 06:00 – Junk Bond Companies – Only Junk because they were young. ~ 7:45 – Credit Lyonnaise bought Executive Life Assets

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AIG v Executive Life Insurance Company 1991-1, NAIC Proceedings – 10. Special Report on Executive Life Companies Jim Schacht delivered a special report on the Executive Life Companies. He reported that since January 1990 a special committee has been addressing the situation with regard to Executive Life Insurance Companies. It was noted that the financial evidence…

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Executive Life ELIC – Executive Life – California ELNY – Executive Life of New York Executive Life – Illinois 1994 – SOA – Rehabilitation Fallout, Society of Actuaries – 20p —  Robert Ewald, not a member of the Society, is Executive Director of Illinois Life and Health Guaranty in Chicago, Illinois. In the Executive Life…

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Irreplaceable Life – Executive Life 1984 0131 – GOV (Senate) – Tax Treatment of Life Insurance Products and Policyholders – [PDF-345p-GooglePlay] RALPH H. GOEBEL: We have an irreplaceable life type product that on the surface is a straight ordinary life policy. You can also look at it as a type of Universal Life product where the fixed…

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Project – AIG vs Executive Life Company Investments – Regulator Knowledge Executive Life  Regulators’ efforts to limit junk bond holdings and restrict unacceptable reinsurance were not effective in stemming the solvency problems of the four insurers. Regulators did not know about the quality Dr value of the insurers’ junk bond holdings and did not have…

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1991 0522 – GOV (House) – Certain Issues Related to the Conservatorship of the Executive Life Insurance Company 1991 0522 – GOV (House) – Certain Issues Related to the Conservatorship of the Executive Life Insurance Company, (CSPAN) Executive Life Insurance Failure, Charles B. Rangel (D-NY)  —  [BonkNote] [PDF-145p-GooglePlay,  VIDEO-CSPAN – (1:55:49)] ->Not on govinfo.gov  John Garamendi…

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ELNY – Executive Life of New York Edward Stone Law – ELNY edwardstonelaw.com/?s=elny edwardstonelaw.com/elny/class-action-lawsuit/ edwardstonelaw.com/elny/elny-in-the-news/ edwardstonelaw.com/elny/elny-litigation/ Karen L. Shaw et al v The United States  Trevor Langkamp v The United States No. 15-764C  filed March 20, 2017 No. 18-2052 – Appeals Court Decision – 14p (p2) – Because we conclude that the court erred in…

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ELIC – Executive Life – California To bolster their statutory surplus and reported financial condition, the four insurers reduced policy reserves on their balance sheets through reinsurance transactions and received from their parent holding companies millions of dollars in surplus infusions and loans. Although reinsurance is a legitimate practice in the life insurance industry to…

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