Did a Beneficial Corporation own the Insurance Company that had insured the Achille Lauro?

Answer 1

Yes. Beneficial Corporation did have the Achille Laura Insured. It forced the sale of one of their Holdings, the Western National Life Insurance Company. The bid by Steve Hilbert of Conseco was accepted and thus the new Owner of Western National Life - before selling it to American General in the 1990s. Later they all became a part of the infamous AIG Corporation.