life insurance

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.

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.

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 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.

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.

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.

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.

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.

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.

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.