Specialised asset management firm, Obra Capital, Inc., has completed the acquisition of Unified Life Insurance Company, a life and health insurance carrier with approximately 100,000 active policyholders and 49 associated licenses.
Incorporating Unified’s existing insurance products and operating capability provides Obra with immediate access to life insurance markets and expands its existing longevity footprint, explains the firm.
Additionally, Obra’s investment professionals have years of experience transacting in the insurance and reinsurance space and have developed deep industry relationships to source blocks of complementary liabilities for Unified in the future.
The acquisition will also add complementary investment opportunities including in reinsurance and primary issuance, as well as the ability to continue growing the platform through additional M&A.
Blair Wallace, President and Chief Executive Officer, Obra, commented, “We are pleased to welcome the Unified team and the business and the platform they will continue to grow with Obra.
“Unified is a natural fit within our evolving and differentiated longevity strategy that is designed to balance longevity and mortality risk to provide investors with expected stable and resilient cash flows, lower overall portfolio volatility, and greater targeted absolute returns. We believe this is a unique offering that extends beyond traditional life settlement longevity investment approaches.”
Obra is one of the largest investors in life settlement longevity assets, which have an attractive profile for investors seeking uncorrelated outcomes, asymmetrical risk profiles, and predictable cash flows.
