Lincoln, Nebraska-based Midwest Holding doesn’t look like a traditional annuity provider.
Sure, its contracts are competitive with the others on the market, but its back end is a little different. It cedes its reinsurance risk to alternative asset managers who view the exposure as an asset class. This brings in revenue and allows the company to expand its premia without raising additional equity capital.
Thomas Bumbolow, Midwest’s head of business development, joined the company in January after a 20-year career at JPMorgan Chase. He described the company’s approach to the . . .
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