Reinsurance News

Global Atlantic

Global Atlantic hires Deutsche Bank exec as CTO

3rd July 2019

Life and annuity re/insurance firm Global Atlantic Financial Group has announced the appointment of Padma Elmgart as Chief Technology Officer (CTO) and Managing Director, effective June 17. Elmgart most recently served as a senior Chief Information Officer at Deutsche Bank Americas, where she led teams in designing and implementing tech to ... Read the full article

Edward Wilson joins Global Atlantic as Chief Risk Officer

1st April 2019

Life and annuity re/insurance firm Global Atlantic Financial Group has announced the appointment of Edward Wilson as Chief Risk Officer, effective April 1. Wilson joins Global Atlantic after a 26-year career at Goldman Sachs, where he previously held the position of Global Head of Risk in the Prime Services business. In his ... Read the full article

Ameriprise Financial enters $1.7bn reinsurance deal with Global Atlantic

20th March 2019

Ameriprise Financial, Inc. has announced a new reinsurance agreement with a subsidiary of Global Atlantic Financial Group that covers approximately $1.7 billion of fixed annuity policies sold through third parties. The agreement was entered into by Ameriprise Financial’s insurance subsidiary, RiverSource Life Insurance Company, and Commonwealth Annuity and Life Insurance Company, ... Read the full article

Global Atlantic invests in InsurTech accelerator

1st February 2019

Life and annuity re/insurance firm Global Atlantic Financial Group has invested in Global Insurance Accelerator, an InsurTech-focused business accelerator. Global Atlantic’s investment will help fund the GIA’s annual mentor-driven program, offering six of the company’s staff members the opportunity to participate as mentors. “We have been aware of the GIA for a number ... Read the full article

Global Atlantic appoints Anup Agarwal as Deputy Chief Investment Officer

8th January 2019

Life and annuity re/insurance firm Global Atlantic Financial Group has announced the appointment of Anup Agarwal as Deputy Chief Investment Officer. Agarwal joins Global Atlantic from Western Asset Management, where he most recently served as Head of Residential, Consumer and Commercial Credit and was responsible for managing more than $60 billion ... Read the full article

Global Atlantic closes $9bn reinsurance transaction following Talcott Resolution sale

5th June 2018

Life and annuity re/insurance firm Global Atlantic Financial Group has successfully closed its $9 billion reinsurance transaction, having provided financial backing for Talcott Resolution's recent sale to an investor group. The firm had reinsured from Talcott Resolution $9 billion of fixed deferred annuities as well as other spread-based reserves. This deal’s ... Read the full article