Delaware Insurance reviews Aquarian Capital Form A for Brighthouse Life
Delaware’s Department of Insurance is reviewing Aquarian Capital LLC’s Form A application to acquire control of Brighthouse Life Insurance Company, using outside specialists to evaluate applicable regulatory requirements.
” The proposed acquisition has generated significant National and international interest, as well as questions about the Department’s regulatory review process, a process which is standardized by law. While the Department does not typically comment publicly on pending Form A applications, it is providing information about the review process to promote transparency and avoid speculation about the status of the application. “The Department is using its expertise, along with carefully selected outside specialists, to evaluate the proposed transaction and ensure it meets all applicable regulatory requirements,” explained Insurance Commissioner Trinidad Navarro.
“This is not a regulatory procedure for its own sake; it is a process designed to protect policyholders and the public by ensuring rigorous evaluation of significant transactions. ”