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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 →

Apollo taking enlarged stake in Athene, as ACRA sidecar hits $3bn

Private equity and alternative investment specialist Apollo Global Management has taken an enlarged stake in Athene Holding Ltd., the life and retirement reinsurance firm that it already majority-owned, while investment commitments for its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle have risen to $3 billion.Apollo said that the reason for read the full article →

Athene’s ACRA insurance-linked sidecar vehicle gets rated

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by investor and private equity specialists Apollo Global, has had the two entities of its Athene Co-Invest Reinsurance Affiliate (ACRA) sidecar vehicle rated by A.M. Best.Athene has been steadily raising third-party capital commitments for the Athene Co-Invest read the full article →

Apollo’s Athene nears $1.5bn ACRA insurance-linked fund commitments

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has now taken the capital commitments raised for its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle to nearly $1.5 billion.Athene has been steadily raising third-party capital commitments for the Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle read the full article →

Apollo’s Athene in $750m share issue, to support ACRA insurance-linked fund

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has priced a $750 million issuance of preferred shares, the proceeds of which are set to partially fund deal commitments to its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle.The Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle read the full article →

Apollo’s Athene raises $1bn of $4bn target for ACRA insurance-linked fund

Athene Holding Ltd., the life and retirement reinsurance firm that is majority owned by Apollo, has raised $1 billion of third-party capital commitments for its new Athene Co-Invest Reinsurance Affiliate (ACRA) vehicle that will enable investors to participate alongside the insurer in private deals.Private equity and alternative investment specialist Apollo read the full article →

Apollo said raising up to $5.5bn for insurance-linked fund strategies

Private equity and alternative investment specialist Apollo Global Management, LLC is reported to be out raising capital for a number of new investment funds, with as much as $5.5 billion said being raised for specific insurance-linked fund strategies.Among the funds being raised for is one strategy that will enable private read the full article →

Athene & Apollo get long-term capital in $19bn annuity reinsurance deal

Athene Holding Ltd., the life and retirement reinsurance focused company that is majority owned and works alongside private equity specialists Apollo Global Management, LLC, has entered into a $19 billion reinsurance agreement covering $19 billion of fixed and fixed indexed annuity liabilities for Voya Financial.The arrangement is a clear demonstration read the full article →

Nassau Re buys Universal American to launch reinsurance platform

Nassau Reinsurance, the start-up backed by San Francisco based private equity investor Golden Gate Capital, has again demonstrated its desire to acquire insurance assets linked to long-term capital with the acquisition of Universal American.Nassau Reinsurance Group Holdings L.P., was founded by experienced insurance industry executives Phillip J. Gass, previously Chairman of read the full article →

Private equity backed Nassau Reinsurance buying Phoenix Co’s

Nassau Reinsurance Group Holdings L.P., the start-up backed by San Francisco based private equity investor Golden Gate Capital, is to acquire Hartford, Connecticut based life and annuity specialist Phoenix Companies.Nassau Reinsurance, was founded by experienced insurance industry executives Phillip J. Gass, previously Chairman of Fidelity & Guaranty Life and Managing Director of read the full article →