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Aurora · podgraph

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Aurora

Company · mentioned 8 times

Shell insurance company set up by Credit Lyonnais to bid for Executive Life.

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Credit Lyonnais, barred by a law from owning US insurers as a foreign bank, set up shell insurer Aurora with US subsidiary Altus financing Aurora's bid for Executive Life.
Business Breakdowns · 20 Mar
Credit Lyonnais wanted assets from Executive Life's portfolio, but a law prohibited foreign banks from owning U.S. insurers; it set up a shell insurance company called Aurora and a U.S. subsidiary called Altus.
Business Breakdowns · 14 Mar 2025