Global Growth today announced the rehabilitation of Pavonia Life Insurance Company of Michigan (“Pavonia”), a Michigan insurance company affiliated with Global Growth and owned by Global Growth owner Greg Lindberg. As part of the rehabilitation, Pavonia is being acquired by Axar Capital Management. The rehabilitation fully protects Pavonia’s 350,000 direct and reinsured policyholders and secures more than $900 million in policyholder insurance benefits. The rehabilitation is the culmination of an extended cooperative effort between Global...