Executive Life

[VolAgent]

Whenever the topic of an insurer going under or A.M. Best ratings are mentioned, Executive Life is routinely brought up. There is a very interesting article about ELNY's experience under receivership.

The author's take is that much of its problems really have to do with the people in charge of it is regulation and not so much how it was invested.

The Complete ELNY Saga

 

[somarco]

I am not familiar with ELNY. Whenever I refer to carriers that went into receivership I am thinking of ELIC.

As I recall, their challenge was reinsurance, but I could be wrong.

 

[VolAgent]

I am not familiar with ELNY. Whenever I refer to carriers that went into receivership I am thinking of ELIC.

As I recall, their challenge was reinsurance, but I could be wrong.

ELNY was a susidiary of ELIC. According to the article, junk bonds did in ELIC.

 

[rousemark]

ELNY was a susidiary of ELIC. According to the article, junk bonds did in ELIC.

Executive Life, First Executive Corp was deeply involved with Michale Milkin.