life reinsurance

Marvin Pestcoe has been named Executive Chair and CEO Bermuda for Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by RenaissanceRe (RenRe) and Reinsurance Group of America (RGA). Pestcoe joins Langhorne Re from his most recent position as Chief Risk and Actuarial Officer at reinsurance firm PartnerRe. He has over […]

It’s going to take time for Langhorne Re to achieve scale, as it seeks out opportunities to put its third-party capital backed reinsurance capacity to work in larger life and annuities transactions that are too big even for Reinsurance Group of America (RGA).

Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by Renaissance Re (RenRe) and Reinsurance Group of America (RGA), has appointed Steve Zonca to lead its U.S. subsidiary businesses.

Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by specialist reinsurer and capital manager Renaissance Re (RenRe) and life focused reinsurer Reinsurance Group of America (RGA), has appointed its first senior executives.

The formation of Langhorne Re as a joint-venture, third-party capital backed life and annuity reinsurance firm will help to increase the capacity and reach of Reinsurance Group of America (RGA), enabling it to access larger in-force transactions on its own, rather than alongside other reinsurers, CEO Anna Manning has said.

Specialist reinsurer and third-party capital manager Renaissance Re (RenRe) and life focused reinsurer Reinsurance Group of America (RGA) have teamed up to launch a third-party capital backed life and annuity reinsurance start-up named Langhorne Re.

Aon has hired Steve Bale from Legal & General to join its Risk Settlement team, the area of the brokerage that focuses on life and pension risk transfer, including longevity swaps and reinsurance.

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.

Reinsurance Group of America has reinsured a $2.3 billion annuities portfolio for a subsidiary of Swiss insurer Zurich, helping Zurich to reduce risk and better manage its capital, by offloading the liabilities associated with this legacy book of annuities business using reinsurance capital.

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.