Reinsurance News
Global Atlantic
Global Atlantic Financial Group announces second reinsurance deal in Asia
13th June 2022
Leading financials services company, Global Atlantic Financial Group, has announced its second reinsurance transaction in Asia, signing an asset-intensive flow reinsurance transaction with a leading Singapore-based insurer. The deal was executed through the company’s Bermuda-based subsidiary – Global Atlantic Assurance Limited. This deal also follows Global Atlantic’s $4.8 billion whole life ... Read the full article
Global Atlantic promotes Manu Sareen to Co-President
8th December 2021
Global Atlantic Financial Group, a U.S.-focused annuity and life insurer, has announced the appointment of Manu Sareen as Co-President alongside Rob Arena, effective immediately. In his new role, Sareen will partner with Arena in supporting Chairman and Chief Executive Officer (CEO), Allan Levine, in operating the firm and executing its growth ... Read the full article
Global Atlantic acquires majority stake in eRESI Mortgage
13th October 2021
Life and annuity insurer The Global Atlantic Financial Group (Global Atlantic) has made a strategic investment and capital commitment to become eRESI Mortgage's majority owner. eRESI Mortgage will continue to operate under a newly formed entity, eRESI Capital, being led by Gregory Tsang, Chief Executive Officer and Tim Wang, President. It's is ... Read the full article
Global Atlantic names new CFO and Chief Actuary of Bermuda business
8th October 2021
Life and annuity insurer, Global Atlantic Financial Group has appointed Alberto Autmezguine as Managing Director, Chief Financial Officer and Chief Actuary of its Bermuda business. Autmezguine will be responsible for all financial and actuarial strategy for the business. He will report to Manu Sareen, President of Global Atlantic’s Institutional Markets business. He ... Read the full article
KKR’s Global Atlantic seals $4.8bn whole life reinsurance deal with AXA
13th July 2021
Global Atlantic Financial Group, the majority-owned subsidiary of investment giant KKR, has announced the completion of a $4.8 billion whole life reinsurance deal with China-focused units of AXA Group. It's the first block reinsurance transaction sourced from outside of the United States by Global Atlantic, as the company continues to expand ... Read the full article
Global Atlantic in $8bn reinsurance deal with Ameriprise Financial
29th June 2021
Life and annuity insurer Global Atlantic Financial Group has entered into a $8.0 billion annuity reinsurance transaction with financial services company Ameriprise Financial. The deal is comprised primarily of fixed-rate and income annuities alongside a smaller component of fixed index annuities, and was carried out through Global Atlantic subsidiaries Commonwealth Annuity ... Read the full article
Global Atlantic in $5.7bn annuity reinsurance transaction with Great American
24th June 2021
Global Atlantic Financial Group Limited, a U.S. retirement, life re/insurance company, has completed a $5.7 billion fixed and fixed-indexed annuity reinsurance transaction with Great American Life Insurance Company, an affiliate of American Financial Group. Global Atlantic is set to co-invest in the transaction, alongside its subsidiaries, by leveraging the third-party capital ... Read the full article
“Exciting time” for Global Atlantic as clients seek post-pandemic optimization: Manu Sareen
15th June 2021
It is an “exciting time” in the life and annuity market as the challenges posed by the COVID-19 pandemic and prolonged low interest environment have created new opportunities for reinsurance players such as Global Atlantic. This is according to Manu Sareen, President for Institutional Markets at Global Atlantic and CEO of ... Read the full article
Global Atlantic adds Edward Root to lead PRT reinsurance business
7th May 2021
Life and annuity insurer Global Atlantic Financial Group has appointed Edward Root to lead its pension risk transfer business as Managing Director. Root will report to Manu Sareen, President of Institutional Markets, Global Atlantic, and Chief Executive Officer, Global Atlantic Re. Root has over 20 years' experience advising large pension plan sponsors ... Read the full article
KKR finalises Global Atlantic acquisition
5th February 2021
Global investment firm KKR & Co. has closed its previously-announced strategic transaction to acquire all outstanding shares of life and annuity provider Global Atlantic Financial Group. Global Atlantic has delivered strong performance since the transaction was announced in July 2020. Based on preliminary financial results of Global Atlantic as at ... Read the full article
Global Atlantic in $8.5bn reinsurance deal with Unum
17th December 2020
Life and annuity re/insurance firm Global Atlantic has agreed to reinsure a portion of Unum Group's Closed Individual Disability Insurance Block (IDI) business through a coinsurance arrangement. The block of business in question is backed by $8.5 billion in assets and approximately $7.1 billion in reserves. Unum is a Fortune 500 insurance ... Read the full article
AFG enters into $5.7bn annuity reinsurance transaction with Global Atlantic
27th October 2020
American Financial Group, Inc. (AFG) has entered into a $5.7 billion fixed and fixed-indexed annuity reinsurance transaction with Commonwealth Annuity and Life Insurance Company, a subsidiary of Global Atlantic Financial Group Limited. Under the terms of the agreement, which has an effective date of October 1st, 2020, AFG's Annuity subsidiary, Great ... Read the full article
Global Atlantic acquired by investment firm KKR
8th July 2020
Global investment firm KKR & Co. Inc has announced an agreement to acquire all outstanding shares of life and annuity re/insurer Global Atlantic Financial Group for $4.4 billion. Set to complete in early 2021, the transaction will enable Global Atlantic to continue operating as a separate business with its existing brands ... Read the full article
Global Atlantic sets up Ivy reinsurance co-investment vehicle
8th April 2020
Life and annuity re/insurance firm Global Atlantic Financial Group has announced the establishment of Ivy Co-Investment Vehicle (Ivy), which will allow Global Atlantic and Ivy to co-invest in new reinsurance opportunities sourced by Global Atlantic’s institutional reinsurance business. The vehicle is designed to co-invest approximately $1 billion with Global Atlantic and ... Read the full article
Global Atlantic appoints Allstate’s John Rugel COO
22nd October 2019
Life and annuity re/insurance firm Global Atlantic Financial Group has announced the appointment of John Rugel as Chief Operations Officer. Rugel will be responsible for oversight of all of Global Atlantic’s in-force and new business insurance service and operations. He will be based in the company’s Hartford office and reports to co-president ... Read the full article
- ← Previous
- 1
- 2
- 3
- Next →
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.
