Executive Life: A Saga In Search Of An EndingKathleen Kerwin
Welcome to what could be the exciting endgame at Executive Life. The busted Los Angeles insurer, suffering from a malignant collection of junk bonds, was put up for auction and attracted a horde of eager bidders. Then John Garamendi, California's insurance regulator, surprised everybody on Oct. 24, when he conditionally chose the winner: a thinly capitalized trade association with eight staffers operating out of a small office in the suburbs of Washington.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.