Life reinsurance
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The sidecar was launched today by the Bermudian reinsurer and investment firm Carlyle. -
The capital will provide retro cover for life-focused reinsurer Fortitude Re.
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The Bermuda firm said HS Sawmill reflected its continued focus on life insurance.
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He joined what was then Credit Suisse ILS in 2019, moving from Hiscox Re & ILS.
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The executive formerly served in senior leadership roles at Nomura, Credit Suisse and Goldman Sachs.
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GP Affluent Markets will look to serve high-net-worth individuals.
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Tom Fealey has assumed lead portfolio manager responsibilities.
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The reinsurer has made improvements to its life and health segment, it said.
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Spread guidance anticipates a lower multiple compared to 2024’s Vitality Re issuance.
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The ILS manager will “pragmatically accept” a degree of credit risk in deals.
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The sidecar was established to enhance RGA’s access to capital for its US asset intensive business.
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The ILS manager claims that 777 Partners “double-pledged” collateral.
