Zurich Criticizes Private Equity Initiative in Insurance
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US private capital groups such as Apollo and KKKR should face challenges as they try to expand into the European insurance sector, says Zurich CEO Mario Greco. Read
North American private equity investors such as Apollo and KKR will have problems with their insurance deals in Europe, says Mario Greco, head of Zurich. Apollo-supported insurer Athora has just bought the British pension specialist PIC. However, the US-proven strategy of investors will hardly work in Europe, said Greco in an interview with the Financial Times. The insurance deals of the major US investors do not match [...]
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