RenRe and RGA launch new life reinsurer

Make text smaller Make text larger

  • Joint venture: RenaissanceRe is teaming up with Reinsurance Group of America to launch a new life and annuities reinsurer, to be based in Bermuda

    Joint venture: RenaissanceRe is teaming up with Reinsurance Group of America to launch a new life and annuities reinsurer, to be based in Bermuda


Bermudian reinsurer RenaissanceRe is teaming up with Reinsurance Group of America to launch a new life reinsurer.

Langhorne Re, which will be based in Bermuda, is backed by $780 million of initial capital committed by RenRe and RGA, as well as third-party investors.

The new reinsurer will target large in-force life and annuity blocks globally.

“RenaissanceRe’s experience with managing third-party capital and sophisticated risk management combined with RGA’s experience in the life market make this a very attractive partnership,” said Aditya Dutt, president, Renaissance Underwriting Managers Ltd.

“As a result, we expect both clients and policyholders will benefit from our long-term approach and track record of capital stewardship.”

Langhorne Re will combine a strong, long-term capital base with underwriting and third-party capital management support from RGA and RenaissanceRe “to purchase large in-force life and annuity blocks, allowing clients to de-risk and optimise their capital management”, the companies said in a statement today.

Scott Cochran, executive vice-president, corporate development and acquisitions, at RGA, said: “Powered by the complementary and industry-leading capabilities of RGA and RenaissanceRe, Langhorne Re is uniquely positioned to provide competitive and flexible solutions that expand RGA’s existing client offerings.”

Barclays acted as financial adviser and Sidley Austin LLP as legal adviser for Langhorne Re.

You must be registered or signed-in to post comment or to vote.

Published Jan 11, 2018 at 12:11 pm (Updated Jan 11, 2018 at 11:46 pm)

RenRe and RGA launch new life reinsurer

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries

    eMoo Posts