Oaktree, Egan Said to Sever Ties Amid Struggle to Fund Venture

  • Investor interest in reinsurance wanes amid competition
  • Egan previously led BofA’s financial institutions group

Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a reinsurance venture, has cut ties with the asset manager, according to people familiar with the matter.

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