QVT Financial LP Issues Report Highlighting Significant Liquidity and Solvency Challenges Facing Key Jackson Financial (JXN) Subsidiary Brooke Life Reinsurance Co.
NEW YORK--(BUSINESS WIRE)--QVT Financial LP ("QVT") today issued a report on Jackson Financial, Inc. (NYSE: JXN) detailing QVT’s concerns regarding JXN’s regulated life insurance subsidiary Jackson National Life (“JNL”). QVT’s analysis indicates that JNL has an enormous exposure to JXN’s captive reinsurer, Brooke Life Reinsurance Co. (“Brooke Re”), that Brooke Re faces significant liquidity and solvency challenges, and that Jackson’s capital return pace is likely unsustainable. The full report,