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Apollo / Athene’s ACRA sidecar funds 63% of $27bn Pru reinsurance transaction

Apollo Global Management has put its third-party capitalised sidecar vehicle for life and retirement investment opportunities, the Athene Co-Invest Reinsurance Affiliate (ACRA), to good use in completing a massive $27 billion fixed annuity block reinsurance transaction and investment in a subsidiary of Prudential plc. Announced today, Apollo owned Athene has reinsured read the full article →

Aeolus makes raft of leadership promotions

Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has made a raft of leadership promotions within its business, as a natural progression following the 2017 buy-in of investment manager Elliott Management Corporation. Aeolus, which manages over $4 billion of reinsurance linked ILS assets read the full article →

Athene expects ACRA sidecar capacity to help on pension risk transfer

The Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle is expected to raise further capital, with investor discussions ongoing and senior executives say the third-party capital vehicle will become a significant source of capacity for its pension risk transfer deals. Commitments to the Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle read the full article →

Global Atlantic sees Ivy life & annuity investment vehicle as akin to a sidecar

Leading United States life, retirement and annuities insurance and reinsurance company Global Atlantic explained to us that it sees its newly launched life and annuity co-investment vehicle named Ivy as akin to the sidecars that are a feature of the insurance-linked securities (ILS) market. Global Atlantic Financial Group Limited launched the read the full article →

Global Atlantic launches Ivy, a $1bn sidecar-like life & annuity co-investment vehicle

Global Atlantic Financial Group Limited, a leading United States life, retirement and annuities insurance and reinsurance company, has launched an intriguing co-investment vehicle named Ivy, which will operate as a kind of sidecar structure and is funded with $1 billion to invest in life and annuity reinsurance deals. The company announced read the full article →

Apollo / Athene’s ACRA sidecar raise hits $3.2bn of commitments

Commitments to the Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle have now reached an impressive $3.2 billion, as capital raising continued within the feeder fund managed by investor and private equity specialist Apollo Global. The Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle launched with a target for a capital raise of read the full article →

ILS Capital’s reinsurer Prospero Re rated as it adjusts model to add leverage

Bermuda headquartered ILS fund and investment manager ILS Capital Management Ltd. is adjusting the operating model of its reinsurance vehicle Prospero Re Ltd. to add an element of leverage, while retaining the benefits of collateralized coverage. A number of insurance-linked securities (ILS) fund managers have shifted their reinsurance vehicles models to read the full article →

Athene’s ACRA a reflection of Bermuda’s sidecar innovation: Chip Gillis

Athene Life Re's recently capitalised sidecar vehicle for life and retirement investment opportunities, Athene Co-Invest Reinsurance Affiliate (ACRA), is a reflection of the innovation in Bermuda that led to the sidecar, applied to the life risks sector, according to Chairman Chip Gillis. Having successfully raised $3 billion in investor commitments for read the full article →

Apollo taking enlarged stake in Athene, as ACRA sidecar hits $3bn

Private equity and alternative investment specialist Apollo Global Management has taken an enlarged stake in Athene Holding Ltd., the life and retirement reinsurance firm that it already majority-owned, while investment commitments for its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle have risen to $3 billion. Apollo said that the reason for read the full article →

Fermat backs €6m private debt transaction for Gefion Insurance A/S

Fermat Capital Management, LLC, the insurance-linked securities (ILS) and catastrophe bond focused investment manager, has completed a second private debt arrangement for Danish non-life insurer Gefion Insurance A/S with a new €6 million transaction. Fermat completed a €10 million private subordinated debt placement for Gefion Insurance A/S back in 2017 and read the full article →