Life & Annuity Industry: Regulators Cast Doubt on Insurer Claims Assuring Investors of Pari Passu Treatment of Funding Agreement-Backed Notes

A key selling point for life and annuity insurers that issue funding agreement-backed notes, or FABNs, is the claim that the funding agreements backing those securities rank “pari passu” with policyholder obligations: If the insurer were to fail, claims related to those agreements would stand alongside life insurance and annuity claims in the insolvency hierarchy, […]

Antitrust Agenda: Lawmakers on Their Post-Election Goal to Enact Populist Data Center Legislation; The Latest on Midterm Polling and Early Voting; Manhattan District Attorney Starts Antitrust Task Force; Lindsay Owens on the Surveillance Pricing Companies Democrats Should Subpoena

Welcome to The Antitrust Agenda, our weekly analysis of timing and priorities at the FTC, DOJ, and state AG offices. Key stories we’re following this week include: • Amidst turnover, lawmakers...

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AkzoNobel/Axalta: Bidding Process for Wood Coatings Business That FTC Wants Divested Reaches Mid-Stage

AkzoNobel (AKZA) and Axalta (AXTA) are taking another step toward realizing their proposed merger as bidders engage in a second round of offers for Axalta’s wood coatings business—which the FTC...

Oct 23, 2026 Read Now >

Merger-Related Lobbying Declined in Third Quarter as Midterms Neared

Merger-related lobbying fell slightly ahead of the midterm congressional elections, marking a departure from the steady upward climb earlier in the year, according to third-quarter lobbying...

Oct 23, 2026 Read Now >

Life & Annuity Industry: Regulators Cast Doubt on Insurer Claims Assuring Investors of Pari Passu Treatment of Funding Agreement-Backed Notes

RELATED ARTICLES | Corporate investigations

Antitrust Agenda: Lawmakers on Their Post-Election Goal to Enact Populist Data Center Legislation; The Latest on Midterm Polling and Early Voting; Manhattan District Attorney Starts Antitrust Task Force; Lindsay Owens on the Surveillance Pricing Companies Democrats Should Subpoena

AkzoNobel/Axalta: Bidding Process for Wood Coatings Business That FTC Wants Divested Reaches Mid-Stage

Merger-Related Lobbying Declined in Third Quarter as Midterms Neared

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