life insurance


Ballantyne Re life ILS assets disbursed to investors as restructure completed

The Scottish Re sponsored 2006 Ballantyne Re Ltd. Regulation XXX life insurance-linked securities (ILS) transaction has finally been fully wound up, as a restructuring has been completed and the remaining assets in the reinsurance trust account disbursed to investors. It's taken a long time for the Ballantyne Re transaction to reach read the full article →

Ballantyne Re life ILS investors to finally realise losses in restructuring

Investors in the Scottish Re sponsored 2006 Ballantyne Re Ltd. Regulation XXX life insurance-linked securities (ILS) transaction look set to finally realise their losses, as a restructuring of the vehicle, novation of the underlying reinsurance and winding up procedure has been proposed. Ballantyne Re has a long and checkered history in read the full article →

Aeolus investor Elliott shows appetite for life risks (and assets)

Multi-strategy hedge fund investor Elliott Management Corporation, which acquired a stake in ILS and reinsurance linked investors Aeolus Capital Management Ltd. just over a year ago, has demonstrated its appetite for insurance related investments by buying into a U.S. life insurance group. Elliott Management has teamed up to acquire a majority read the full article →

Cowdery raising new fund for closed-life insurance business: Reports

Insurance entrepreneur Clive Cowdery, the founder of life book investor Resolution Group, is reported to be raising capital for a new Bermuda investment fund that will continue to target backing closed-books of life insurance business with reinsurance capital. Resolution has set up a number of permanent capital structures over the years, read the full article →

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 →

Phoenix takes Abbey Life from Deutsche Bank for £935m

Phoenix Life Holdings Limited, a subsidiary of life insurance and reinsurance consolidator Phoenix Group Holdings Limited, has agreed to acquire the Abbey Life business from Deutsche Bank, a deal that will provide the troubled bank with £935m ($1.215 billion) in cash. Abbey Life is company that regularly features in the longevity read the full article →

Swiss Re said in talks to sell £1bn Admin Re stake to third-party investors

Global reinsurance giant Swiss Re has been reported to be in talks to sell a £1 billion stake in its closed life insurance book arm Admin Re unit, with pension funds, sovereign wealth and other third-party capital providers thought the likely candidates. Swiss Re has been seeking third-party capital support for read the full article →

“Reinsurance platform” to support life ILS growth: Rivas, Credit Suisse

The development of a “reinsurance platform” at Credit Suisse Insurance Linked Strategies Ltd. is set to further expand the unit’s capabilities in the global life reinsurance and ILS space, according to Javier Rivas, Director of ILS at the firm. Demand in the life insurance industry for hedging mechanisms such as longevity read the full article →

Secquaero in €70m SQ ReVita II life ViF securitisation for Atlanticlux

Secquaero Advisors AG has completed another value-in-force life insurance securitisation for Luxembourg domiciled life insurer Atlanticlux Lebensversicherung S.A, in a €70m SQ ReVita II IC Ltd. transaction featuring a closed-block of European life insurance. Secquaero Advisors, an advisory and consulting firm that specialises in intermediation of insurance or reinsurance risk to read the full article →

Hannover Life Re adds SVP for life reinsurance & securitization

Hannover Life Reassurance Company of America (Hannover Life Re or Hannover Re US) has announced the promotion of Dale Mensik to Senior Vice President, Financial Solutions, a role in which he will lead certain of the firm's life reinsurance capital markets activities. Mensik has been with Hannover Life Re since 2012, read the full article →