Apollo CEO Warns of Market Correction and Criticizes Insurer Practices
Apollo Global Management CEO Marc Rowan warned of a potential market correction and highlighted a 30% to 35% chance of an exogenous shock due to geopolitical shifts, inflation, and AI disruption. He criticized 'egregious' practices at rival insurers and noted Apollo's strategic shift toward higher credit quality and holding $40 billion in cash.
Topics: Apollo Global economic outlook exogenous shocks insurance sector market risks