LONDON: One month after its re-launch as an insurance holding company, Malibu Life Holdings Limited announced today that it has entered into a definitive agreement to acquire TruSpire Retirement Insurance Company. The acquisition will enable Malibu Life to enter the direct annuity issuance business as early as the first half of 2026. TruSpire, a wholly-owned…
Company reported a comprehensive loss of $13.5 million for the six months ending 30 June 2025 LONDON: Conduit Holdings Limited, the Bermuda-based parent of reinsurance specialist Conduit Re, today reported a comprehensive loss of $13.5 million for the six months ending 30 June 2025, as it embarks on a strategic transformation to enhance portfolio resilience…
SINGAPORE: The Board of Prudential plc has reached agreement with Athene Holding Ltd a leading retirement services company, for its subsidiary Athene Life Re Ltd to invest $500 million in Prudential’s US business in return for an 11.1 per cent economic interest for which the voting interest is 9.9 percent. Athene’s investment will be deployed…
LONDON: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-“ of Kelvin Re Limited (Guernsey). The outlook of these Credit Ratings remains stable. The ratings reflect Kelvin Re’s balance sheet strength, which AM Best categorises as strongest, as well as its adequate operating performance, limited…