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Apollo / Athene target $60bn of premium float with ACRA sidecar

Investor and private equity specialist Apollo Global Management and its life and retirement reinsurance company Athene expect the Athene Co-Invest Reinsurance Affiliate (ACRA) third-party capitalised sidecar vehicle could drive around $60 billion of premium float, from its initial capital pool of $3.2 billion. The Athene Co-Invest Reinsurance Affiliate (ACRA) third-party capital read the full article →

Vida Capital adds Ainsberg as new MD Chief of Staff

Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has announced the hiring of Zachary Ainsberg, who joins the firm as Managing Director, Chief of Staff. Ainsberg will be based in New York and report directly to recently installed President and Chief Executive Officer read the full article →

NZ Super Fund expands cat bond investments, doubles Elementum allocation

The New Zealand Superannuation Fund (NZ Super Fund), one of the government pension investment providers, has added to its insurance and reinsurance linked investments again in the last year, with a doubling of its allocation to investment manager Elementum Advisors, seemingly all in catastrophe bonds. The New Zealand Superannuation Fund (NZ read the full article →

Vida Capital appoints new CEO

Vida Capital, Inc., the alternative investment manager with a life settlement and insurance-linked securities (ILS) focus, has announced the appointment of a new President and CEO in Blair Wallace. Wallace was most recently Partner and Portfolio Manager at Tenor Capital Management Company, L.P. and has a career history in structured credit read the full article →

Athene uses ACRA sidecar in $4.9bn pension risk transfer, fees rise

Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, put third-party capital from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar to work in a huge $4.9 billion pension risk transfer deal. Athene said this week that it has successfully closed a read the full article →

Coventry sees growing life settlement demand, promotes Kuchera

Coventry, a leading player in the market for life settlement investments, sees positive market momentum for this segment of insurance-linked investing and has made a key promotion to support expected growth. Coventry has completed more than $40 billion in longevity-linked transactions since its founding and is a specialists in enabling a read the full article →

Apollo and Athene to merge in deal valued at $29bn

Private equity specialist Apollo Global and life and retirement reinsurance company Athene Holding Ltd. are set to merge, in a transaction that values the latter at $11 billion and the combined company at $29 billion, underscoring the attractive combination that is investing alongside life and annuity reinsurance premium float accumulation. In read the full article →

Carlisle Management raises $290m for new life settlements fund

Carlisle Management Company, a Luxembourg headquartered global alternatives investment firm, has announced the successful raising of $290 million for its latest life insurance-linked settlements fund. The new closed-end life settlements focused investment fund, named the Luxembourg Life Fund: Absolute Return Fund II FCP RAIF, beat a $250 million target thanks read the full article →

Athene’s ACRA sidecar fee income hit $22m in 2020, ACRA assets pass $25bn

Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, saw another healthy quarter of management fee income from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle in Q4 2020. Athene has reported another $8 million of management fees earned from the read the full article →

KKR deepens Global Atlantic’s “access to long-term strategic capital” – CEO

Insurance-linked synergies are rife in the just completed transaction that saw private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) acquiring life and retirement focused insurance and reinsurance firm Global Atlantic Financial Group. The pair announced the completion of the strategic transaction yesterday and Global Atlantic now read the full article →