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Athene & Apollo get long-term capital in $19bn annuity reinsurance deal

Athene Holding Ltd., the life and retirement reinsurance focused company that is majority owned and works alongside private equity specialists Apollo Global Management, LLC, has entered into a $19 billion reinsurance agreement covering $19 billion of fixed and fixed indexed annuity liabilities for Voya Financial.The arrangement is a clear demonstration read the full article →

Nassau Re buys Universal American to launch reinsurance platform

Nassau Reinsurance, the start-up backed by San Francisco based private equity investor Golden Gate Capital, has again demonstrated its desire to acquire insurance assets linked to long-term capital with the acquisition of Universal American.Nassau Reinsurance Group Holdings L.P., was founded by experienced insurance industry executives Phillip J. Gass, previously Chairman of read the full article →

Private equity backed Nassau Reinsurance buying Phoenix Co’s

Nassau Reinsurance Group Holdings L.P., the start-up backed by San Francisco based private equity investor Golden Gate Capital, is to acquire Hartford, Connecticut based life and annuity specialist Phoenix Companies.Nassau Reinsurance, was founded by experienced insurance industry executives Phillip J. Gass, previously Chairman of Fidelity & Guaranty Life and Managing Director of read the full article →

Private equity firm Golden Gate Capital invests in Nassau Reinsurance

San Francisco based private equity investor Golden Gate Capital has seed funded a new reinsurance company, Nassau Reinsurance, with up to $750m of start-up funding, further demonstrating the attraction to reinsurance as investment opportunity.Private equity firms have been increasingly showing interest in accessing the returns of reinsurance businesses, as well read the full article →

Private equity follows hedge funds into reinsurance for long-term capital

It's not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management.The entry of large private equity investors into the insurance read the full article →

Private equity investor Capital Z to buy into BMS Associates

Specialist financial services and re/insurance focused private equity investment firm Capital Z Partners Management LLC is buying into insurance and reinsurance broking and underwriting group BMS Associates.According to a press release from BMS this morning, the firm and Capital Z have reached agreement on a proposal which will see Capital read the full article →

New York oversight of insurance acquisitions could have broader reach

The New York Department of Financial Services has proposed stronger oversight and the need for increased transparency for certain acquisitions of life insurance (or reinsurance) businesses, particularly where the acquirer is an investor, such as a private equity firm.The issue lies in the need for acquirers to have a long-term read the full article →

Hedge funds and private equity funds increasingly investing in re/insurance: Appleby

Global law firm Appleby, who with their teams in Bermuda and the Cayman Islands have a particular focus on legal services for reinsurance, catastrophe bonds, ILS and the convergence market, said in a recent update that it is seeing increasing levels of investment by hedge funds and private equity funds read the full article →