Executive Life Insurance Company
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1999
Alleged concealed Crédit Lyonnais control
California authorities alleged that Crédit Lyonnais was the effective buyer and controller of Executive Life’s insurance operations through secret agreements, despite restrictions affecting bank ownership of insurers.
1991
Insolvency linked to concentrated junk-bond investments
Executive Life’s collapse followed extensive exposure to high-yield bonds and became a major example of the risks of concentrated, higher-risk investments inside a life insurer.