2024 ReFocus Conference - Convergence of Asset Management and Insurance 2.27.24 Recording

Since President Roosevelt signed the Glass-Stegall Act into law in 1933, banks and insurance companies needed to conduct business separately. In 1999, President Clinton repealed the Act allowing banks and insurers to interact. Currently, banks are taking a lot of interest in the huge assets that insurers have amassed. But it is not just an asset management “play” any longer. Some banks are actually embracing insurance risk. Learn how the insurance industry has adjusted to more involvement by banks and private equity firms into the world of insurance.