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Apollo Unit Vows To Protect NY Aviva Life Customers

By Pete Brush (August 14, 2013, 5:20 PM EDT) -- Investment management giant Apollo Global Management LLC has agreed to heightened policyholder protections, including the implementation of stronger capital standards to protect against insolvency, as part of its plan to acquire Aviva Life and Annuity Co. of New York, state Department of Financial Services regulators said Wednesday....

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