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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 →

Athene’s ACRA insurance-linked sidecar vehicle gets rated

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by investor and private equity specialists Apollo Global, has had the two entities of its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle rated by A.M. Best. Athene has been steadily raising third-party capital commitments for the Athene Co-Invest read the full article →

ILS P&C run-off fund invests in Italian med-mal, US general liability

The property & casualty run-off focused insurance-linked investment fund linked to Credit Suisse and sub-advisor ILS Investment Management (ILSIM), completed a number of new transactions at the beginning of this year. The latest annual report from one of the reinsurance underwriting vehicles used by the run-off and legacy risks focused insurance-linked read the full article →

ILS Capital Management’s 2019 portfolio delivers 10.5% by end of July

While loss creep, trapped collateral and the general ongoing impacts from prior year reinsurance related catastrophe losses continue to plague the insurance-linked securities (ILS) market, it's important to remember that the asset class can still deliver significant value, in terms of investor returns. ILS and reinsurance linked investing as an asset read the full article →

Apollo’s Athene nears $1.5bn ACRA insurance-linked fund commitments

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has now taken the capital commitments raised for its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle to nearly $1.5 billion. Athene has been steadily raising third-party capital commitments for the Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle read the full article →