Reinsurance News
life/annuity
Annuity growth drives reinsurance demand and sidecar popularity: AM Best
24th February 2025
Annuities have grown significantly amid rising interest rates, creating a need for additional capital in the reinsurance market, which has led to increased use of reinsurance and the growing popularity of sidecars to manage risk and support larger deals, according to a recent report by AM Best. The annuity growth has ... Read the full article
Third Point launches life & annuity reinsurer Malibu Life Re
2nd May 2024
New York based alternative asset manager Third Point LLC has announced the launch of Malibu Life Reinsurance SPC (Malibu Life Re), a newly licensed life and annuity reinsurer based in the Cayman Islands. Malibu Life Re is an independent, Class B(iii) Cayman Islands-based reinsurer wholly owned by Third Point LLC and ... Read the full article
Private equity strengthens grip on life/annuity market with 15% surge in admitted assets in 2022: AM Best
5th January 2024
Private equity-owned insurers have significantly expanded their influence in the life/annuity sector, marking a substantial 15% year-over-year growth in their share of admitted assets in 2022, according to AM Best. This surge in private equity involvement was driven by heightened activity in the life/annuity segment, with a particular emphasis on strong ... Read the full article
Fidelity Investments forms retail annuities and pension risk transfer focused reinsurer
17th July 2023
US investment giant Fidelity Investments has formed Soteria Reinsurance Ltd., a newly incorporated Class C insurer registered in Bermuda that will focus on the US retail fixed annuities and pension risk transfer space. On June 20th, 2023, Soteria Re, which is owned directly by Soteria Reinsurance Holdings, LLC, a wholly owned ... Read the full article
U.S. publicly traded life/annuity insurers’ revenues down 12% in 2022: AM Best
21st April 2023
Premium growth for publicly traded U.S. life/annuity (L/A) insurance companies continued to recover in 2022, but was cuffed by declines in investment and fee income that drove total GAAP revenue down by 12% to $291.5 billion, suggests a new report from AM Best. According to the report, another contributing factor to ... Read the full article
Life/Annuity insurers well-positioned for 2023: AM Best
21st March 2023
Analysts at AM Best have reported that the US Life/Annuity (L/A) insurance segment remains well-positioned to meet challenges in 2023, supported by high levels of risk-based capitalization, strong liquidity profiles, and robust sales in annuity products. Despite this strong position, the rating agency AM Best acknowledged that there was some volatility ... Read the full article
Unrealised losses on fixed maturities caused by rising interest rates: AM Best
19th October 2022
According to a report from AM Best, publicly traded insurers have reported more than $200bn of unrealised losses on their fixed-income portfolios through the second quarter of 2022, as rising interest rates have diminished bond values. The report states that over a quarter of publicly traded insurers have lost more than ... Read the full article
L/A & health reinsurers remain well capitalised despite elevated mortality: AM Best
11th September 2022
According to AM Best, companies within the global life/annuity and health reinsurance segments are adopting different approaches as they react to elevated mortality trends; however, these reinsurers have remained well capitalized throughout the pandemic. The report suggests life and health reinsurers’ earnings in 2021 suffered from adverse mortality trends, though the ... Read the full article
US life/annuity net income increases by more than 50%: AM Best
16th June 2022
According to a new AM Best report, US life/annuity industry net income increased more than 50%, compared to the same period from last year. The report also showed that the US life/annuity industry’s total income rose 3.9%, from the prior year period, with a 2.7% increase in premiums and annuity considerations, ... Read the full article
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