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KKR acquiring life & retirement re/insurer Global Atlantic

Private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) has again demonstrated its appetite for insurance-linked returns by announcing it is to acquire life and retirement focused insurance and reinsurance firm Global Atlantic Financial Group. KKR, as one of the largest private equity and buyout specialists, has read the full article →

Vida Capital acquires longevity life settlement asset manager Avmont

Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has added to its life and longevity asset management scope, with the acquisition of specialist Avmont, LLC. Vida Capital is of course a joint-venture partner in insurance-linked securities (ILS) and collateralised reinsurance asset manager Merion read the full article →

Apollo / Athene’s ACRA sidecar funds 63% of $27bn Pru reinsurance transaction

Apollo Global Management has put its third-party capitalised sidecar vehicle for life and retirement investment opportunities, the Athene Co-Invest Reinsurance Affiliate (ACRA), to good use in completing a massive $27 billion fixed annuity block reinsurance transaction and investment in a subsidiary of Prudential plc. Announced today, Apollo owned Athene has reinsured read the full article →

Athene expects ACRA sidecar capacity to help on pension risk transfer

The Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle is expected to raise further capital, with investor discussions ongoing and senior executives say the third-party capital vehicle will become a significant source of capacity for its pension risk transfer deals. Commitments to the Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle read the full article →

Global Atlantic sees Ivy life & annuity investment vehicle as akin to a sidecar

Leading United States life, retirement and annuities insurance and reinsurance company Global Atlantic explained to us that it sees its newly launched life and annuity co-investment vehicle named Ivy as akin to the sidecars that are a feature of the insurance-linked securities (ILS) market. Global Atlantic Financial Group Limited launched the read the full article →

Global Atlantic launches Ivy, a $1bn sidecar-like life & annuity co-investment vehicle

Global Atlantic Financial Group Limited, a leading United States life, retirement and annuities insurance and reinsurance company, has launched an intriguing co-investment vehicle named Ivy, which will operate as a kind of sidecar structure and is funded with $1 billion to invest in life and annuity reinsurance deals. The company announced read the full article →

Carlisle Management deploys life settlement fund at above target returns

Carlisle Management Company, a Luxembourg headquartered global alternatives investment firm, has announced the successful deployment of its life settlements fund at above target returns. Carlisle Management is focused on the life settlements area of the insurance-linked securities (ILS) market and its funds are backed by institutional clients including pension funds and read the full article →

Vida Capital promotes Tice to oversee ILS (Merion Square) & life settlements

Vida Capital, Inc., the alternative investment manager and joint-venture partner in insurance-linked securities (ILS) asset manager Merion Square Capital LLC, has named a new Chief Investment Officer who will have oversight of the firms ILS and life settlement investment activities. Bill Tice, currently the investment managers Senior Managing Director, Marketing, Investor read the full article →

Apollo / Athene’s ACRA sidecar raise hits $3.2bn of commitments

Commitments to the Athene Co-Invest Reinsurance Affiliate (ACRA) insurance-linked sidecar vehicle have now reached an impressive $3.2 billion, as capital raising continued within the feeder fund managed by investor and private equity specialist Apollo Global. The Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle launched with a target for a capital raise of read the full article →

Athene’s ACRA a reflection of Bermuda’s sidecar innovation: Chip Gillis

Athene Life Re's recently capitalised sidecar vehicle for life and retirement investment opportunities, Athene Co-Invest Reinsurance Affiliate (ACRA), is a reflection of the innovation in Bermuda that led to the sidecar, applied to the life risks sector, according to Chairman Chip Gillis. Having successfully raised $3 billion in investor commitments for read the full article →