life reinsurance sidecar

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.

According to a recent report from Fitch Ratings, partnerships between North American insurers and alternative investment managers are expected to continue to keep growing over the near term, particularly through sidecars and offshore reinsurance platforms.

Blackstone has again demonstrated its appetite to source insurance and reinsurance-linked opportunities for private capital clients with a newly announced life and annuities flow reinsurance sidecar-like structure established for F&G Annuities & Life, Inc. and backed by $1 billion of capital from Blackstone managed funds.

Japan Post Insurance has now agreed its planned $2 billion investment into a new reinsurance co-investment vehicle, or sidecar, to gain access to the strategic returns from business activity of KKR’s U.S. life, retirement and annuities insurance and reinsurance company, Global Atlantic Financial Group.

Chariot Reinsurance (Chariot Re), the Bermuda-based life and annuity reinsurance sidecar company launched by MetLife, Inc. in partnership with investor General Atlantic, has now completed its first transaction, assuming $10 billion of liabilities.

Japan Post Insurance is considering making an investment of as much as $2 billion into a new reinsurance sidecar-like co-investment vehicle to be sponsored by U.S. life, retirement and annuities insurance and reinsurance company, Global Atlantic Financial Group.

According to senior executives at Reinsurance Group of America (RGA), the fee income flowing to the company from its third-party capitalised Ruby Re life reinsurance sidecar is already meaningful and while a new transaction was ceded to the sidecar in Q3 last year, the structure still had around two-thirds of its capital and capacity left […]

Commenting on the recent announcement from MetLife, Inc. that it plans to launch Chariot Reinsurance, a new Bermuda based company that will initially act as a kind of sidecar for the company, S&P Global Ratings has highlighted how these structures provide efficient access to “on-demand” capital for their sponsors.

MetLife, Inc., one of the largest life and annuities insurance groups in the world, is partnering with institutional capital providers and asset managers to launch Chariot Reinsurance, a new Bermuda based company that will initially act as a kind of sidecar for the company, but seems well-positioned to become market-facing in future.

Global insurance giant Allianz has sponsored a life and annuity focused reinsurance sidecar named Sconset Re Ltd., securing backing from institutional investors to capitalise the structure and partnering with PIMCO as well as other institutions for asset management support.