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Goldman Sachs sells remaining stake in Rothesay Life

Investment banking giant Goldman Sachs has now sold down the remainder of its shareholding in UK pension risk transfer specialist life insurer Rothesay Life, with the stake being picked up by private equity giant Blackstone, Singaporean sovereign wealth fund GIC and insurer MassMutual.Goldman Sachs offloaded a stake in Rothesay Life read the full article →

Goldman Sachs offloads majority stake in Rothesay Life to Blackstone, GIC

Investment bank Goldman Sachs has announced the sale of a majority stake in its leading UK pension risk transfer specialist life insurer, Rothesay Life. The sale has been expected since August as Goldman Sachs continues to offload insurance and reinsurance business stakes to meet capital rules.Goldman Sachs has sold a read the full article →

Rothesay Life insures £484m of Philips pension risk, including longevity

Rothesay Life, a leading UK pension risk transfer specialist life insurer and provider of bulk annuities, has completed a pension risk transfer transaction for the Philips Pension Fund, taking on a portion of its liabilities including longevity risks.Rothesay Life announced yesterday that it has entered into a bulk annuity transaction read the full article →

Rothesay Life insures £280m of pension plan risk including longevity

Rothesay Life, a leading UK pension risk transfer specialist life insurer which owner Goldman Sachs intends to sell a majority stake in, has completed another pension risk transfer transaction. The £280m bulk annuity transaction sees Rothesay Life take on more pension plan risk including covering longevity.The transaction involves the pension read the full article →

Goldman Sachs to offload majority share in pension insurer Rothesay Life

Goldman Sachs is seeking to sell a majority share in its leading UK pension risk transfer specialist life insurer, Rothesay Life. A specialist in insuring the risks associated with pension schemes, and as a result involved in transferring longevity risks, Rothesay Life will follow the same route as Goldman's reinsurer, read the full article →

Fitch affirms Signum Finance on positive mortality experience

Fitch Ratings has again affirmed the rating of Signum Finance Cayman Ltd. Series 2010-09, a mortality linked life insurance securitization transaction. The ratings agency cited the positive mortality experience, which remains below 100% of the actual-to-expected figure and well below the trigger level.The Signum Finance Cayman Ltd. transaction is a read the full article →

Goldman Sachs completes sale of Global Atlantic reinsurance group

Investment bank Goldman Sachs has announced the closing of the private offering of shares in its reinsurance group, completing the sale process of a majority stake in the business. The private offering saw shares offered in the Global Atlantic Financial Group, which was formerly known as the Goldman Sachs Reinsurance read the full article →

Goldman Sachs sells 75% of Ariel Re reinsurance business to investors, say reports

According to a report in the Financial Times, Goldman Sachs has completed the sale of 75% of its reinsurance operations, Ariel Re, to investors through a private placement. Goldman Sachs only bought Ariel Re last year in an effort to profit more from reinsurance premiums and diversify away from its read the full article →

MassMutual gets into pension risk transfer with investment in Rothesay Life

One of the largest mutual life insurers in the U.S. has shown its interest in the UK pension risk transfer and de-risking market by investing in one of the leading players in that sector in the last week. Massachusetts Mutual Life Insurance Company, or MassMutual for short, has made an read the full article →

Goldman Sachs to offload reinsurance arm. Could it become collateralized?

The market and media were awash with rumours about investment bank Goldman Sachs planning to sell a majority stake in its reinsurance interests yesterday, rumours which were then confirmed by Goldman Sachs itself in its Q4 earnings call later in the day. Net revenue from Goldman Sachs Reinsurance Group was read the full article →