Agam Capital, a global provider of insurance-related asset and liability analytics, and 1823 Partners (US) LLC, an asset management firm focused on insurance-led investment strategies, have entered into a long-term strategic partnership to support insurance companies worldwide.
Agam Capital and 1823 Partners state that the collaboration is designed to provide insurers with access to permanent capital through reinsurance structures, particularly for non-US markets, including solutions for in-force risk transfer, capital optimisation, and the co-development of new products and flow reinsurance arrangements.
According to Agam Capital and 1823 Partners, the partnership is intended to deliver structured approaches to policyholder guarantees alongside expanded capabilities in sourcing, structuring and monitoring assets.
The firms indicate that their combined model is designed to support consistent return generation for insurance partners while maintaining resilience for policyholders and other stakeholders. Agam Capital and 1823 Partners present the collaboration as aligning capital provision, advanced analytics and operational infrastructure within a unified framework.
Agam Capital and 1823 Partners state that the partnership brings together complementary capabilities. 1823 Partners contributes asset management expertise across multiple sectors, serving long-term institutional investors such as insurers, pension schemes and family offices. Agam Capital provides insurance structuring expertise supported by its proprietary balance sheet management technology. Agam Capital and 1823 Partners position this combined offering as an end-to-end solution spanning product design, asset-liability management and access to long-duration capital.
Anant Bhalla, Co-Founder and Chief Executive of 1823 Partners, commented: “The Insurance industry value chain has splintered over the past 20+ years, resulting in fragmentation and a shift in value economics between liability distribution, balance sheet risk bearing capacity providers, and asset sourcing capability providers. Our unique end-to-end solution provides insurance companies with strong distribution access to the full stack of capabilities required to compete – product design, world-class ALM, access to long-dated capital and resilient, private asset sourcing, structuring, and ongoing surveillance. All of this is supported by ALM 3.0 infrastructure solutions that are required to thrive in a complex and ever-changing environment.”
Chak Raghunathan and Avi Katz, Co-Founders of Agam Capital, added: “The fundamental challenge in insurance ALM has always been that the models in use were designed for a less fluid, simpler world. We have now designed and built a proprietary, AI-driven ALM platform from first principles to handle the complex realities of dynamic, turbulent global capital markets – integrating the full enterprise in real time, with AI agents that can price and manage risk dynamically. This partnership is how we put our combined capabilities to work for the benefit of global insurance companies.”
Agam Capital identifies its pALM platform as a central component underpinning the partnership. According to Agam Capital, pALM integrates actuarial modelling, asset management, accounting, risk and treasury functions into a unified system, enabling a consistent data framework across an insurer’s operations. Agam Capital states that this platform is designed to support enterprise-wide decision-making and alignment between assets and liabilities.
Building on this foundation, Agam Capital has also developed LeadAii, which the company describes as a next-generation, AI-driven asset-liability management platform. According to Agam Capital, LeadAii uses autonomous agents operating in real time across key ALM functions, including liability modelling, dynamic asset allocation and scenario analysis across interest rate, credit and longevity risks. Agam Capital states that LeadAii is based on proprietary large language models derived from open-source architectures and tailored specifically for life and retirement applications.
Agam Capital further notes that LeadAii operates within a closed framework without external data connectivity, which the company says is intended to address data security considerations and mitigate risks associated with general-purpose AI tools in regulated financial environments. Agam Capital and 1823 Partners state that, together, pALM and LeadAii form the technological infrastructure supporting the partnership’s integrated operating model.
Agam Capital and 1823 Partners indicate that their initial strategic focus will be on Asia, with particular emphasis on the Japanese insurance market.
According to Agam Capital and 1823 Partners, regulatory and structural developments within Japan’s life and retirement sector are creating demand for integrated solutions combining capital access, technology and structuring expertise.
Beyond Japan, Agam Capital and 1823 Partners state that they will selectively pursue opportunities in other markets where their combined capabilities can deliver solutions not typically available through traditional approaches.
