Elliott Management drew a grim comparison between the US‑Israel‑Iran conflict and the Allies’ WWII campaign, urging pre‑emptive action to avert "potentially apocalyptic" fallout.

Boehly’s Eldridge Industries has built a lucrative model: buy life insurers, use policyholder cash to fund cheap loans for businesses he already backs. Security Benefit, Eldridge’s Kansas carrier, now holds $12.9 bn in collateral loans, about a quarter of the U.S. life‑insurance industry’s total.

Regulators worry that the structure lets insurers shave up to two‑thirds off required capital, a loophole critics call "capital arbitrage." A pending rule change would let authorities "look through" collateral loans, potentially slashing Eldridge’s buffer against policyholder claims.

Security Benefit secured a temporary reprieve after lobbying the National Association of Insurance Commissioners, but the industry faces a looming hit to its capital base as the rule shift nears.