Browsing: Life Insurance Capital Solutions
Longevity and Mortality Investor’s coverage of life insurance company reinsurance and alternative risk transfer activity.
The transaction involved the reinsurance of a block of whole life liabilities for a pan-Asian insurance provider.
The life & annuity sidecar market in Bermuda has grown almost four-fold to approximately $375bn according to a recent report from ratings agency Morningstar DBRS.
Bermuda and, to a lesser extent, the Cayman Islands, have gained popularity among ceding companies amid increased demand for retirement solutions.
The transaction follows the company’s prior block transactions and two flow transactions in Japan.
£22m bulk purchase annuity transaction secures the benefits of 230 members.
Proposed transaction is expected to complete in mid-2027, subject to regulatory approvals.
Bermuda-domiciled reinsurance sidecar has closed an approximately $1bn capital raise.
Talcott will reinsure an approximately $5.8bn run-off block of universal life with secondary guarantee policies, along with approximately $500m of funding agreement liabilities.
Total US annuity sales rose 4% year over year to a record $123.9bn in the second quarter of 2026, surpassing the previous quarterly high.
Total ceded reserves to sidecars or entities engaged in sidecar-like activity increased to more than $90bn in 2025 from $55bn in 2023.