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Golden Gate Sued Over Insurer’s $2.2 Billion Capital Shortfall

Bloomberg Markets Monday 28 September 2026, 21:28 UTC By Rachel Graf 1 min read
Key Points

Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation.

Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation.
Golden Gate (ORG) Golden Gate Capital (LOCATION) PHL Variable Insurance Co. (ORG)
Originally published by Bloomberg Markets Read original →

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