Search Results for: reinsurance

Sapiens-Unveils-Enhanced-Reinsurance-and-Analytics-Solution-Catering-to-Evolving-Market-Demands
Finance Fintech News

Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands

PR Newswire
by PR Newswire0
Latest version enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens ReinsuranceMaster. The new release of Version 9 brings a multitude of enhancements......
Manulife Closes Largest Canadian Universal Life Reinsurance Transaction with RGA
InsurTech News

Manulife Closes Largest Canadian Universal Life Reinsurance Transaction with RGA

PR Newswire
by PR Newswire0
Manulife has received OSFI approval to amend our current share buyback program, which commenced on February 23, 2024, to return unlocked capital from the transaction to its shareholders. Manulife announced that it has successfully closed1 the previously announced transaction to reinsure a low ROE Canadian Universal Life block with RGA Life......
Athene Executes Block Reinsurance Transaction in Japan
InsurTech News

Athene Executes Block Reinsurance Transaction

GlobeNewswire
by GlobeNewswire0
Athene Holding Ltd. (“Athene”), a leading provider of retirement services products, has executed a block reinsurance transaction with FWD Life Insurance Co. Ltd., a Japanese domiciled insurer. Under the terms of the agreement, Athene will reinsure an in-force block of whole life insurance policies. In conjunction with the transaction, Athene......
Sompo International Global Reinsurance Expands into Canada and Adds New A&H Product in North America
InsurTech News

Sompo International Global Reinsurance Expands into Canada and Adds New A&H Product in North America

GlobeNewswire
by GlobeNewswire0
Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, announced the appointment of Apundeep Lamba as Head of Reinsurance, Canada. Mr. Lamba will be based in Toronto as part of the Canada Branch.* Further, the Company is also pleased to share that Denise Sheehan has joined......
Agam Capital Advises PFI in Its Formation and Launch of Prismic Life Reinsurance, Ltd.
InsurTech News

Agam Capital Advises PFI in Its Formation and Launch of Prismic Life Reinsurance, Ltd.

Business Wire
by Business Wire0
Agam Capital (“Agam”), an analytics driven platform strategically partnering with insurance companies to explore opportunities to enhance their financial flexibility, is advising Prudential Financial, Inc. (“PFI”), a US-based global financial services leader and premier active global investment manager, in the formation and launch of Prismic Life Reinsurance, Ltd. (“Prismic”), a......
Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction
InsurTech Investment Services News

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

GlobeNewswire
by GlobeNewswire0
Brookfield Reinsurance and American Equity Investment Life Holding Company announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3......
Hippo Announces Successful Reinsurance Renewals
InsurTech News

Hippo Announces Successful Reinsurance Renewals

Fintech News Desk
by Fintech News Desk0
Hippo, the home insurance group focused on proactive home protection, announced the successful placement of its 2023 reinsurance program. “Our expected loss ratios are rapidly converging to our long-term targets which drove our strategic decision to re-position our program. We are pleased that reinsurers continue to see the value in......
Equitable Holdings Mitigates Remaining Redundant Reserves Associated with New York’s Regulation 213 Through Proceeds of Reinsurance Transaction
InsurTech News

Equitable Holdings Mitigates Remaining Redundant Reserves Associated with New York’s Regulation 213 Through Proceeds of Reinsurance Transaction

Fintech News Desk
by Fintech News Desk0
Equitable Holdings, Inc. announced that it has mitigated the remaining $1 billion of redundant reserves associated with New York’s Regulation 213 (“Reg. 213”). The Company’s principal operating subsidiary Equitable Financial Life Insurance Company (“EFLIC”) has entered into an agreement with Global Atlantic Financial Group subsidiary, First Allmerica Financial Life Insurance......
AIG Names Charlie Fry Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization
Investment Services News

AIG Names Charlie Fry Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization

Fintech News Desk
by Fintech News Desk0
American International Group, Inc. announced that Charlie Fry has been named Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization, effective July 31st. Mr. Fry will report to Peter Zaffino, AIG Chairman & Chief Executive Officer and will assume responsibility for AIG’s reinsurance purchasing strategy and placement execution, as well......
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