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American Equity plans sidecars for third-party annuity reinsurance capital

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. It's the latest evidence of a growing wave of use of third-party institutional investor capital to read the full article →

Knipe’s Kilter Finance invests $40m in medical liability insurer

Kilter Finance, the insurance-focused specialty financing company launched by ex-Leadenhall Capital alumni Dan Knipe with backing from private equity giant KKR, is investing $40 million into medical liability focused insurance holding company Best Practices Medical Partners (BPMP). Knipe, formerly the Deputy Chief Investment Officer at specialist insurance-linked securities (ILS) manager Leadenhall read the full article →

Allianz frees capital with $35bn annuity reinsurance from Sixth Street & Resolution

Global insurance and reinsurance giant Allianz has freed up roughly $4.1 billion in value after entering into a reinsurance arrangement to transfer $35 billion of fixed index annuity liabilities to entities of Sixth Street and Clive Cowdery's Resolution Life. It's one of the largest legacy or back-book life and annuity reinsurance read the full article →

Cowdery’s Resolution raises $1.6bn for legacy life insurance investments

Resolution Life, the legacy life insurance investments arm of insurance entrepreneur Clive Cowdery’s Resolution Group, has raised a further $1.6 billion to fund growth through the acquisition and reinsurance of life insurance portfolios. Resolution Life takes on large books of life insurance business, using acquisitions or reinsurance backed by capital structures read the full article →

Knipe’s KKR-backed Kilter Finance invests in Independent Insurance Group

Kilter Finance, the insurance-focused specialty financing company launched by ex-Leadenhall Capital alumni Dan Knipe and backed by private equity giant KKR, is set to invest $89 million into Independent Insurance Group LLC , the parent of life insurer Independent Life. Knipe, who was the Deputy Chief Investment Officer at specialist insurance-linked read the full article →

Push & pull to drive life ILS growth, says L&G Re CEO, Olunloyo

The huge volume of outstanding pension liabilities coupled with an increasing weight of available alternative capital searching for smart business, suggests significant growth in the life insurance-linked securities (ILS) space in the coming years, according to Thomas Olunloyo, Chief Executive Officer (CEO) of L&G Re. Although predominantly focused on non-life, shorter read the full article →

Knipe launches life focused Kilter Finance, KKR commits up to $500m

Kilter Finance has been formally launched today by its founder Dan Knipe, a well-known figure in the life insurance-linked securities and investments marketplace. Knipe was most recently the Deputy Chief Investment Officer at specialist insurance-linked securities (ILS) manager Leadenhall Capital Partners LLP where he managed the life and mortality linked investment read the full article →

Swiss Re finally extricates capital from closed life business, sells ReAssure

Global reinsurance firm Swiss Re has finally achieved its long-held goal of freeing up some of its capital that was locked up in its closed life insurance book consolidator and is set to sell its ReAssure business to Phoenix Group. As far back as 2011, Swiss Re regularly discussed its desire read the full article →

Cowdery’s Resolution raises $3bn for legacy life insurance investments

Resolution Life, the life insurance focused arm of insurance entrepreneur Clive Cowdery’s Resolution Group, has now raised $3 billion in capital commitments to put to work in its legacy life insurance linked investment strategies. Resolution's strategy sees it taking on large books of life insurance business, using fund-like capital structures backed read the full article →

Cowdery’s Resolution Life promotes Hales to CEO of reinsurance unit

Resolution Life, the life insurance focused arm of insurance entrepreneur Clive Cowdery’s Resolution Group, has announced the promotion and appointment of Steve Hales as CEO of its Bermuda reinsurance unit Resolution Re. Resolution has an interesting strategy that sees it taking on large books of life insurance business, using fund type read the full article →