Life settlements investor Obra Capital has completed its acquisition of Unified Life Insurance Company, a life and health insurance carrier with approximately 100,000 active policy holders, and 49 associated licenses.
u201cWe are pleased to welcome the Unified team and the business and the platform they will continue to grow with Obra. Unified is a natural fit within our evolving and differentiated longevity strategy that is designed to balance longevity and mortality risk to provide investors with expected stable and resilient cash flows, lower overall portfolio volatility, and greater targeted absolute returns. We believe this is a unique offering that extends beyond traditional life settlement longevity investment approaches,u201d said Blair Wallace, President and Chief Executive Officer.
Meanwhile, the firm has hired Anthony J. Annino as Senior Managing Director, Head of Longevity. Annino will be responsible for overseeing the firmu2019s longevity portfolio management and strategy and will report to Wallace. William Ketterer, who previously led Obrau2019s Longevity business, has stepped down from his role to pursue another opportunity.
u201cWeu2019re excited for Tony to join the firm and lead our longevity business as we continue to evolve our strategy and portfolio to include life insurance in addition to life settlements,u201d said Wallace. u201cBuilding a balanced portfolio between longevity and mortality risk requires strategic foresight, regulatory knowledge, and strong industry relationships, all of which Tony has successfully demonstrated throughout his notable career. We are grateful to Will for his contributions to Obra and wish him continued success in his next endeavor.u201d
u201cObrau2019s combination of Unified Life Insurance, a newly acquired life insurance platform, with one of the largest vertically integrated longevity-dedicated teams in the industry, makes this an exciting time to be joining the business,u201d added Annino. u201cI am eager to capitalize on Obrau2019s platform and to introduce investors to its differentiated longevity strategy.u201d
Annino was previously CEO at RiverRock Funds.