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An unnamed Silicon Valley billionaire made waves this week by paying $201 million for the largest life insurance policy ever written. To put this in context, let’s look at what else you can get for that sum. In the past four months alone, other business leaders have spent very similar dollar amounts on investments ranging from a top-tier baseball star to a former warehouse to a tech start-up that is revolutionizing the way we clean water. (Click to enlarge.)
As ALM's Digital Editor-in-Chief, Nichole Morford is responsible for the development of digital strategies to maximize web traffic, deepen audience engagement and effectively monetize digital products. Previously, as Editorial Lead, Digital Content Strategy for ALM's Insurance Group, Morford directed the digital strategy and growth of the division’s web products. Prior to joining ALM through the acquisition of Summit Professional Networks, Morford was managing editor of LifeHealthPro.com and managing editor of Agent's Sales Journal magazine. She started her career as an editor at Penguin Group.
The company is doing business in that state for the first time.
The number of new policies sold fell a little.
A U.S. life reinsurer seems to have won. Non-U.S. life reinsurers might have lost.
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