Global Atlantic Financial Group and Ivy have established a $1bn co-investment vehicle to co-invest in new reinsurance transactions.
Ivy Co-Investment Vehicle will invest in new reinsurance opportunities sourced by Global Atlantic’s institutional reinsurance business.
Go deeper with GlobalData
Both reinsurance of life & annuity blocks and reinsurance of pension risk transfer (PRT) are included in these transactions.
Global Atlantic institutional business head Manu Sareen said: “The Ivy co-investment vehicle provides Global Atlantic with access to up to approximately $1bn of additional capital for new transactions.
“This co-investment vehicle provides Global Atlantic with significant flexibility to better serve our reinsurance clients and gives our co-investors an opportunity to earn compelling risk-adjusted returns by deploying capital in this attractive market.”
The investment vehicle will act as a kind of sidecar to enable institutional investors to participate in the returns of life and annuity reinsurance transactions.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataUnder the arrangement, business yielded to Ivy will be managed using Global Atlantic’s risk and investment management capabilities.
Sareen added: “Since Global Atlantic’s founding, we have reinsured approximately $30bn of reserves spanning life & retirement blocks and PRT reinsurance. We look forward to continuing to partner with insurers by providing customised solutions to meet the unique financial, risk and capital objectives of each of our clients.”
