Global Atlantic Financial Group announced its second reinsurance transaction in Asia and signed an asset-intensive flow reinsurance transaction with a major Singapore-based insurer.
“The transaction, conducted through Global Atlantic Assurance Limited, a Bermuda-based subsidiary, follows a US $ 4.8 billion block reinsurance transaction with AXA Hong Kong in July 2021,” a spokeswoman said. I did.
“Our client-centric partnership-based approach has been well received in the APAC region,” said Manusarine, co-president of Global Atlantic. “We are very proud of this new partnership, with significant potential for future opportunities to invest in funds and asset-intensive life insurance and annuity products in both flow and block trades. I’m finding it. “
“By creating a tuned solution based on the company’s key ALM, risk and investment management capabilities, Global Atlantic has established itself as a leading reinsurance franchise in the life insurance and annuity markets. Since its establishment in 2004, it has now reinsured approximately $ 75 billion in assets. “
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