life reinsurance

The US life insurance and reinsurance marketplace is increasingly focused on setting-up capital light reinsurance structures, while there is also growing appetite for sidecar structures to support capacity as well, analysts at Goldman Sachs have reported.

Reinsurance Group of America (RGA) has announced the launch of a new Missouri-domiciled third-party life reinsurance sidecar company named Ruby Reinsurance Company (Ruby Re), which has been backed by a number of investors including insurance-linked securities (ILS) specialist Hudson Structured Capital Management.

The well-established and growing life insurance-linked securities (ILS) segment offers a very stable profile and true diversification for investors, both within ILS and when compared to traditional asset classes, according to industry experts.

Artemis has learned that Langhorne Re, the third-party capitalised life and annuity reinsurance joint venture launched by RenaissanceRe (RenRe) and life focused reinsurer Reinsurance Group of America (RGA) back in 2018, is being wound down after its capital commitments expired without renewal.

Twelve Capital, the Zurich headquartered investment manager with a focus on insurance-linked securities (ILS), insurance and reinsurance linked investments, is set to develop a life ILS investment offering, announcing a strategic tie-up with specialist life ILS boutique Farsight Partners.

Securis Investment Partners has launched the fourth vintage of its long-standing life insurance-linked securities (ILS) funds, with close to $300 million of capital backing this vintage.

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.

Resolution Life, the legacy life insurance investments arm of insurance entrepreneur Clive Cowdery’s Resolution Group, is aiming to raise $3 billion in capital through a newly established perpetual capital vehicle, with Blackstone as an anchor investor and strategic partner to drive future growth.

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.

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.