life settlements

Abacus Life, a life settlements buyer, market maker and alternative asset manager, has announced the acquisition of Carlisle Management, a Luxembourg-based investment manager in the life settlement space, for around $200 million.

Miravast Asset Management LLC, an investment manager experienced in underwriting longevity risk and investing in life settlements, has raised $346 million for its second flagship life insurance focused investment fund strategy, Miravast ILS Credit Opportunities II LP.

Obra Capital, an alternative investment manager with strategies focused on insurance and reinsurance, has announced the hiring of Anthony J. Annino as Senior Managing Director and Head of Longevity investments at the firm and has also completed an acquisition that bolsters this side of its business.

Obra Capital, an alternative investment manager with strategies focused on insurance and reinsurance, has entered into a new strategic partnership with another investor with insurance-linked experience, as Aquarian Holdings has bought a minority equity ownership stake in the firm.

The latest vintage of the life and annuity focused reinsurance sidecar structure launched by Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, has received its ratings and we understand the investor commitments to it are expected to roughly double.

Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, now has access to more than $7 billion of deployable capital to purse “attractive growth opportunities” following the first close of the Apollo / Athene Dedicated Investment Program II with around $2 billion in capital commitments.

The New Zealand Superannuation Fund (NZ Super Fund), one of the government pension investment providers, has once again grown its investments linked to insurance and reinsurance over the past year, with an increase in allocation evident across all of the strategies it invests in.

Alternatives and re/insurance focused investment firm Vida Capital has been rebranded as Obra Capital and has added a new strategy of relevance to our readers, called Insurance Special Situations investing and it includes a specialty reinsurance focus.

A new life settlement investment platform, Fifth Season Investments LLC, has been launched with the backing of $132 billion alternative asset manager Blue Owl Capital.

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.