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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 →

Brookfield Asset Management gets rating for Cayman reinsurer North End Re

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, continues to expand its reinsurance operations with a rating from AM Best now secured for its Cayman Islands based reinsurer North End Re (Cayman) SPC. Brookfield Asset Management became the latest 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 →

Brookfield Asset Management launches reinsurer targeting annuity premium float

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, is expanding in the reinsurance space with an annuities strategy through which it expects to secure up to $10 billion of additional float at the start. Brookfield is just the latest read the full article →

Athene’s ACRA sidecar management fees triple quarter-on-quarter

As its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle begins to scale up, Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global has seen a tripling of management fees earned quarter-on-quarter. At the same time, Athene continues to have significant firepower read the full article →

Global Atlantic puts Ivy Re sidecar to work in $5.7bn annuity reinsurance deal

Leading United States life, retirement and annuities insurance and reinsurance company Global Atlantic has put its co-investment vehicle named Ivy, which operates as a kind of sidecar structure, to work in a $5.7 billion annuity reinsurance deal with American Financial Group affiliate, Great American Life Insurance Company. It's the first time read the full article →

KKR’s acquisition of Global Atlantic shows PE’s attraction to float & sidecars

Private equity and alternative investment giants of the world are increasingly demonstrating why access to insurance premium float, as a form of assets under management, is an attractive prospect, with KKR's acquisition of Global Atlantic the latest clear example. It also shows their appreciation for bringing third-party capital into re/insurance. As read the full article →

ACRA sidecar fees rise for Athene, but it’s all about the premium float

In the last quarter, Athene Holding Ltd., the life and retirement reinsurance company majority owned by investor and private equity specialist Apollo Global, earned an increased level of management fees from its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle. Before getting too ahead of ourselves with excitement of how this recently read the full article →

Apollo hits record $414bn AuM thanks to insurance deals & ACRA

We often discuss the investing fire-power that insurance and reinsurance deals bring to major players, such as Warren Buffett's Berkshire Hathaway. But, perhaps the real lead example of insurance related investment float accumulation is Apollo Global Management, Inc. Apollo has hit a new high of $414 billion of assets under its read the full article →