Reinsurance News
annuity
Affiliated investments surge among US Life/Annuity insurers: AM Best
23rd December 2025
AM Best, a credit rating agency specialising in the insurance industry, has released new findings on the rapid expansion of affiliated investments across US life/annuity (L/A) companies. Affiliated investment growth among US L/A insurers has accelerated markedly since 2018, and AM Best reports that 2024 alone saw a year-over-year increase of ... Read the full article
MetLife finalises $10bn variable annuity risk transfer with Talcott
2nd December 2025
MetLife, Inc., a provider of insurance, annuities, and employee benefit programmes, has finalised its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group. The company expects an annual reduction in adjusted earnings ... Read the full article
Bermuda continues to lead offshore life/annuity reinsurance: AM Best
7th July 2025
With over 40% of total ceded reserves for US life-annuity writers in 2024, Bermuda continues to be a “driving force” in offshore reinsurance, according to a recent report by AM Best. The report, titled “Bermuda Remains the Largest Offshore Life/Annuity Reinsurance Domicile,” further notes that Bermuda was involved in over 60% ... Read the full article
Corebridge & Venerable enter $2.8bn variable annuity transaction
26th June 2025
Corebridge Financial has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business. Explained, Venerable is set to reinsure approximately $51 billion of variable annuity business from Corebridge's insurance subsidiaries American General Life Insurance Company (AGL) and ... Read the full article
Fortitude Re announces $4bn reinsurance agreement with Taiyo Life
21st March 2025
FGH Parent, together with its subsidiary, global reinsurance company Fortitude Re, has announced the signing and closing of a $4 billion reinsurance transaction between Fortitude International Reinsurance Company (FIRL) and Taiyo Life Insurance Company (Taiyo Life), a wholly owned subsidiary of T&D Holdings (T&D). Effective February 28, 2025, Taiyo Life has ... Read the full article
AM Best forecasts moderate growth for US life/annuity insurance sector in 2024-2025 period
12th March 2025
AM Best, the credit rating agency, forecasts moderate growth of approximately $48 billion in capital and surplus for the US life/annuity (L/A) insurance sector over the 2024-2025 period, as detailed in a new Best’s Market Segment Report. The segment’s net income is expected to surpass pre-pandemic figures, reaching an estimated $51.1 ... Read the full article
Strong deal momentum accelerates growth for Somerset Re
19th February 2025
Somerset Re, a provider of reinsurance solutions for global life insurance and annuity business, has experienced quick growth as it enters 2025 with strong deal momentum. Over the last decade, the reinsurer has had a strong history of successful deal execution which has contributed towards building a well-diversified book across the ... Read the full article
Aon predicts growth in member options and IFA access in UK bulk annuity market in 2025
11th December 2024
Aon plc, a global professional services firm, has announced that the trend of UK bulk annuity insurers expanding member options and offering access to independent financial advisers (IFAs) at retirement will continue to grow throughout 2025. In recent years, it has become increasingly common for pension schemes to offer options within ... Read the full article
Allianz Life and Empower partner to offer a fixed index annuity
11th December 2024
Allianz Life Insurance Company of North America (Allianz Life) has partnered with retirement plan provider, Empower, to provide its in-plan annuity solution. Allianz Lifetime Income+ will be the first fixed index annuity on Empower’s platform and the agreement will offer millions of Americans the opportunity to create retirement income streams guaranteed ... Read the full article
Outlook remains stable for US life/annuity insurance, says AM Best
6th December 2024
Global credit ratings agency AM Best has maintained its stable outlook for the US life/annuity insurance segment, citing strong capitalisation across the industry, as well as robust top-line growth in core lines of business and consistent profitability trends. According to analysts, the life/annuity segment has benefited from favourable interest rates in recent ... Read the full article
Constellation’s Chilean subsidiary acquires $2.1 bn annuity portfolio from Zurich
5th December 2024
Constellation's Latin American subsidiary, Ohio National Seguros de Vida – Chile, has acquired Zurich Insurance Group's $2.1 billion annuity portfolio in Chile. Through this strategic move, previously announced in May 2023, Ohio National Seguros de Vida – Chile significantly bolstered its pensions portfolio and assets under management, reaching an impressive ... Read the full article
Strong annuity growth continues as reinsurers shift business offshore to Bermuda: AM Best
27th September 2024
US life/annuity (L/A) insurers have doubled their ceded reserves to $1.74 trillion between 2016 and 2023 driven by strong annuity growth on higher interest rates with an increasingly larger portion headed offshore, an AM Best report has disclosed. Recently, several private equity-owned insurers have started creating offshore reinsurance entities, resulting in ... Read the full article
US life/annuity market posts 16% increase in total revenue: AM Best
27th August 2024
During the first three months of 2024, the US life/annuity market's total revenue increased 16% to $303.2 billion, compared to $261.4 billion from the previous year, according to credit ratings agency AM Best. This notable increase was driven by a 20.5% increase in premiums and annuity considerations, as well as a ... Read the full article
Martello Re eyes growth with $1.3bn capital raise
23rd July 2024
Martello Re Limited, the Bermuda-based Class E life and annuity reinsurer, has successfully raised $1.3 billion across a second round of equity funding and the upsizing of its current credit facility, enabling the firm to provide support to additional cedants and selectively expand into new lines and regions. It was ... Read the full article
Karl Canty joins Capco as new partner in US insurance practice
24th June 2024
Capco, the technology and management consultancy, has named Karl Canty as a new partner in its US insurance practice, located in Hartford, CT. Canty will focus on strengthening client relationships, boosting sales, and providing value to insurers, especially to Capco’s prominent Life & Annuities clients. Matthew Hutchins, Partner and Global Head of ... Read the full article
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