Migliaccio & Rathod LLP is investigating whether Global Atlantic and KKR-related insurance entities transferred life insurance reserves or policy obligations to offshore captive reinsurers in a manner that reduced transparency or weakened policyholder protections.
Reported Issues
Policyholders report concerns about:
- Life insurance reserves or obligations being transferred to affiliated offshore reinsurers.
- Not being asked for consent before reserve transfers.
- Not being clearly told whether guaranty-fund or solvency protections changed.
- Concern that offshore captive arrangements may make an insurer appear stronger on paper.
- Concern that policyholders remain exposed if the offshore reinsurer experiences financial stress.
Why Individuals Should Be Concerned
Potential claims include:
- Breach of policy terms
- Unfair insurance practices
- Failure to disclose material risk
- Reduced policyholder protections
- Breach of good faith
- Economic loss from weakened guaranty or solvency protections
Signs You May Be Affected
- You own a Global Atlantic universal life, variable universal life, or permanent life insurance policy.
- You received notice of a reinsurance transaction or reserve transfer.
- You were not told how the transaction affected your protections.
- Your policy obligations were transferred to an offshore or affiliated captive reinsurer.
- You believe your policy became less secure without your consent.
If you have encountered these issues, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call at (202) 470-3520.