Reinsurance News
Oaktree
Oaktree and Lane42-backed Avocet Partners launches, to acquire EMC Life
12th December 2025
Avocet Partners, a new insurance-focused investment and operating platform, has launched backed by $500 million of committed equity capital from funds managed by Oaktree Capital Management, L.P. and Lane42 Investment Partners, LLC. Led by an experienced founding team of operators with a proven track record of building, scaling, and managing insurance ... Read the full article
Allianz and Oaktree launch new reinsurance syndicate at Lloyd’s
8th December 2025
Global insurer Allianz has secured multi-year, AA-rated capacity via a partnership with Oaktree Capital Management L.P. which will see the investment manager establish a new reinsurance syndicate at the specialist Lloyd's insurance and reinsurance marketplace. Syndicate 1890 will commence underwriting from January 1st, 2026, and will participate as a multi-year partner ... Read the full article
Oaktree adds Phil Joubert as MD and Head of APAC Insurance Solutions
1st August 2025
Oaktree Capital Management, L.P. (Oaktree), a global asset management firm specialising in alternative investment strategies, has appointed Phil Joubert as Managing Director (MD) and Head of Asia Pacific (APAC) Insurance Solutions. In the new role, he will be based in Hong Kong and report to Greg Halagan, Managing Director and Global ... Read the full article
Ambac and Oaktree announce extension for financial guarantee business sale
7th July 2025
Insurance holding company Ambac has extended from July 3, 2025, to December 31, 2025 the term of the stock purchase agreement relating to the sale of its legacy financial guarantee businesses -Ambac Assurance Corporation (AAC) and Ambac UK (AUK) - to funds managed by Oaktree Capital Management, L.P. for $420 ... Read the full article
Oaktree names Richesh Shah as MD and Head of Americas Insurance Solutions
25th June 2025
Oaktree Capital Management, L.P. (Oaktree), a global asset management firm specialising in alternative investment strategies, has announced the appointment of Richesh Shah as Managing Director and Head of Americas Insurance Solutions. Based in New York, Shah will report to Greg Halagan, Managing Director and Global Head of Insurance Solutions at Oaktree. In ... Read the full article
Ambac updates timing of legacy financial guarantee business sale to Oaktree
18th June 2025
Ambac Financial Group, Inc., an insurance holding company, has provided an update on the timing of the sale of its legacy financial guarantee businesses to funds managed by Oaktree Capital Management, L.P., and on the extension of the maturity date of its outstanding credit facility. The $420 million cash sale of ... Read the full article
Velocity completes sale of VSIC to FM
6th May 2025
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC (VRU). The transaction follows the earlier sale of VRU to Ryan Specialty, which together represents ... Read the full article
Ambac meets pre-closing conditions for $420m sale to Oaktree
7th April 2025
Ambac Financial Group, Inc., an insurance holding company, has announced that it has met all necessary pre-closing conditions under the purchase agreement for the sale of Ambac Assurance Corporation (AAC) and Ambac UK (AUK) to funds managed by Oaktree Capital Management, L.P. The transaction was first announced in June 2024, ... Read the full article
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