life annuity

Kindley Re Ltd., a Bermuda-domiciled life and annuity reinsurance company established by Kuvare Holdings in partnership with global investment manager Davidson Kempner Capital Management LP has raised an additional $250 million of equity capital from institutional investors to expand its franchise.

For KKR, with committed capital managed in life and annuity reinsurance sidecar structures under Global Atlantic rising rapidly for the investment giant in recent years, these third-party capitalised reinsurance strategies are an increasingly important component of the firm’s results.

The life reinsurance industry in Bermuda has embraced the use of third-party capital structures and investor relationships, with sidecars now an established and growing feature of the market, Damian Cooper of PwC Bermuda explained in a recent video interview.

European pension and life consolidator Phoenix Group is the latest company focused on this space to consider leveraging investor appetite for insurance-linked returns to bring third-party capital into its business to augment its ability to write more bulk purchase annuity business.

Kuvare Holdings, a technology-enabled specialist in life and annuity insurance and reinsurance solutions, has become the latest company in this space to launch a sidecar-like venture, that will bring a complementary source of capital from third-parties to help it expand its underwriting business.

Hildene Capital Management, LLC, a $12 billion credit focused alternative investment manager, has announced its entry into the life and annuity reinsurance space, with the formation of $1 billion reinsurer Ludlow Re.

American Equity Investment Life Holding Company, a US annuity insurance and investment company, is planning to establish sidecar structures to bring third-party reinsurance capital into its operation and generate additional fee income for its business.

Hudson Structured Capital Management (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has participated in the launch financing of a new life and annuity reinsurance firm named Martello Re Limited.

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, continues to expand its reinsurance operations with a rating from AM Best now secured for its Cayman Islands based reinsurer North End Re (Cayman) SPC.

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, is expanding in the reinsurance space with an annuities strategy through which it expects to secure up to $10 billion of additional float at the start.