NEW YORK -- Bankers Trust Co. said it has been chosen by Kentucky's insurance commissioner and approved by the Rehabilitation Court as manager for real estate assets held by Kentucky Central Life Insurance Co.

Kentucky Central Life was placed in rehabilitation earlier this year. The bank said that the insurance company holds more than $450 million in book value of real estate assets.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.