Menu

Reinsurance News

PartnerRe completes acquisition of life reinsurer Aurigen

4th April 2017 - Author: Staff Writer

PartnerRe has announced the completion of its acquisition of life reinsurance company, Aurigen Capital Limited.

PartnerRe logoAurigen’s core business has been the reinsurance of life insurance policies of North American residents, and since 2013, mortality risk solutions in the U.S.

Aurigen is a top-five life reinsurer in Canada based on recurring new reinsurance business, with gross premiums at $126 million last year, and a gross premium CAGR of 18% delivered over the last five years.

PartnerRe President and CEO, Emmanuel Clarke, said; “We are very pleased to announce the addition of this well-established franchise and welcome the Aurigen management team and employees to PartnerRe.”

He said the acquisition is consistent with PartnerRe’s strategy “to grow our Life and Health business and expand our life reinsurance footprint in North America with minimal overlap in market coverage.

“The partnership enables us to provide a wider range of Life Reinsurance solutions to both existing and future clients who will benefit from Aurigen’s technical expertise, longstanding relationships and local knowledge supported by PartnerRe’s strong balance sheet, excellent ratings and global franchise.”

Aurigen’s management team and employees will join PartnerRe’s existing Life & Health segment under one newly formed business unit called North America Life.

This unit will be led by Alan Ryder, reporting to Marc Archambault, CEO of Life & Health.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
M&A activity looms over Bermudian market: A.M. Best

M&A activity “looms” over the Bermudian market as global re/insurers look to grow their books in a market where fresh underwriting...

Close