Kindley Re, a Bermuda-domiciled life and annuity reinsurance platform, has successfully secured $250 million of additional equity capital commitments.
This latest funding was supported by a group of leading institutional investors across the U.S., Latin America, Europe, and Asia.
The capital injection further strengthens the platform’s ability to expand its reinsurance franchise and capitalise on new growth opportunities in partnership with Kuvare.
This milestone builds on Kindley Re’s prior $400 million capital raise, which funded the reinsurance of U.S. and Asian liabilities originated through the Kuvare platform.
Dhrubo Krishnaiyer, Kindley Re’s Chief Executive Officer, commented: “Kindley Re offers investors access to a diversified portfolio of life and annuity exposures alongside a strong institutional sponsor base.
“This capital raise is an important milestone as we continue to scale and seek to deliver long-term value to our investors and sponsor ceding companies.”
Formed by Davidson Kempner Capital Management in partnership with Kuvare Holdings, a technology-enabled financial services platform, Kindley Re uses specialised reinsurance arrangements to participate in both flow and block transactions generated by Kuvare’s operating companies.
