InEvo Re, a life reinsurer established by Macquarie Asset Management, has entered into a reinsurance agreement with a U.S.-based life insurer covering approximately $1 billion of long-dated liabilities.
While the U.S.-based life insurer was unnamed, InEvo Re noted that the transaction leverages the respective strengths of both parties to create a “mutually accretive” outcome.
According to the firm, it also demonstrates its commitment to partnering with key participants in the U.S. life and annuity market.
Tim Humphrey, Chairperson of InEvo Re, commented, “We are delighted to be completing this transaction with an important strategic partner.
“This transaction is a clear demonstration of our ambition to scale meaningfully and provide innovative solutions as a trusted reinsurer for life insurers and annuity providers globally.”
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