Kuvare Insurance Services Announces New Leveraged Finance Asset Manager

Kuvare Insurance Services LP (KIS), a boutique asset manager that oversees approximately $22 billion in primarily investment-grade assets, today announced the commercial launch of a new subsidiary, Katayma Credit Management (Katayma), to focus on the U.S. non-investment grade corporate debt market.

Kuvare Expands Internationally with Three New Reinsurance Transactions

Kuvare Holdings (“Kuvare”) is pleased to announce the closing of three additional strategic reinsurance transactions over the past two quarters. These deals bring Kuvare’s total completed reinsurance transactions to ten, and Kuvare now faces seven different highly rated counterparties.

New long-term reinsurer Kindley Re set for take-off

A US-based holding company has announced the formation of Kindley Re Ltd, an independent, Bermudian-based Class E-licensed life and annuity reinsurer.

Kuvare Announces Formation of New Bermuda Reinsurer

Kuvare Holdings (“Kuvare”) today announced the formation of Kindley Re Ltd. (“Kindley Re”), a newly formed Bermuda-domiciled reinsurer, will co-invest at least $400 million with Kuvare in qualifying life insurance and annuity transactions. Kindley Re was formed in partnership with Davidson Kempner Capital Management LP (“Davidson Kempner”) and Kuvare and its affiliates.

Guaranty Income Life Earns AM Best Upgrade to A- (Excellent)

The ratings of GILIC reflect its balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Chicago-Based Life and Annuity Company Kuvare Establishes Des Moines Office

Kuvare opened its Des Moines office in the East Village, and currently has about 10 employees there. The company plans to hire in a variety of positions over the next three years, as part of substantial growth it anticipates companywide. Positions being recruited in Des Moines will include sales and distribution, marketing, actuaries, investment and business managers.

Kuvare Insurance Services Q&A with Structured Credit Investor

The announcement of the new platform signifies that, for the first time, Kuvare Insurance Services is open to investing on behalf of unaffiliated balance sheets - providing access to our differentiated pipeline of private credit investments for those like-minded investors.

Kuvare Launches Asset Management Business

“Insurance investors continue to be motivated to search for yield against a backdrop that remains challenging,” Brian Roelke, chief investment officer at KIS, said.

Kuvare Insurance Services Launches Third-Party Asset Management Business

Kuvare Insurance Services (KIS), a boutique asset manager that oversees approximately $19 billion in assets for various insurance operating companies owned by or affiliated with Kuvare US Holdings (Kuvare), today announced the launch of its third-party asset management business.

Kuvare Life Re in Bermuda Reinsurance Magazine, Spring 2021

Why Bermuda is the Perfect Regulatory Environment for Kuvare Life Re

Kuvare Shares Newly Published Robust Company Ratings

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Key Reinsurance Transactions Boost Kuvare's Consolidated Assets to $27B

Kuvare has recently executed a transaction to assume approximately $1.5 billion of fixed annuity reserves.

Kuvare Life Re's President & CFO Appointed to BILTIR Board of Directors

Bermuda International Long Term Insurers and Reinsurers has appointed Kevin Hovi to its board of directors.

Kuvare Sees More Demand for Annuities Amid Pandemic

The COVID-19 outbreak has boosted demand for multi-year guarantee annuities and fixed indexed annuities as customers seek more stable options, Jhaveri said. He declined to give specific financial figures. Chicago-based Kuvare generated about USD 800m in new premiums in 2019, and expects to see consistent premium growth in 2020, he said.

AM Best Affirms Credit Ratings for Guaranty Income Life Insurance Company

The ratings of GILICO reflect its balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

AM Best Affirms Credit Ratings of United Life Insurance Company

The ratings are reflective of the strongest level of risk-adjusted capitalization, capital and surplus to liability ratio matched by similarly rated peers and a high quality of capital with no use of surplus notes, other forms of debt, captives or permitted practices that might make the balance sheet less conservative than peers.

The Insurer That Almost Doubled Annuity Sales. Two Years in a Row.

By Cyril Tuohy for Life Annuity Specialist

Kuvare US Holdings may have just vaulted its way into the top 50 for U.S. annuity issuers in aggressive fashion: by almost doubling sales for two years in a row.

Kuvare Completes Acquisition of Lincoln Benefit Life Company

Kuvare announced today the completion of its purchase of Lincoln Benefit Life Company and its affiliates on December 31, 2019. With this latest acquisition, Kuvare’s pro forma consolidated assets are now valued at over $22 billion.

Today's investment challenges in Bermuda's insurance sector

Niched in the middle of the North Atlantic ocean, Bermuda is not immune to the low rates storm. In part one of this Insurance Asset Risk / Aviva Investors roundtable Re/insurers discuss their approach to cautious portfolios.

Kuvare US Holdings to Acquire Lincoln Benefit Life Company

"Kuvare looks forward to LBL shortly joining our growing life and annuity insurance business," says Kuvare Chief Executive Officer Dhiren Jhaveri.

Kuvare Chief: We Want to Build a Life and Annuity Company That Will Last

Dhiren Jhaveri says he has a different strategy because he has a different type of investor.

A.M. Best Removes From Under Review with Developing Implications and Affirms Credit Ratings of United Life Insurance Company

A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of United Life Insurance Company.

Riding a Wave of Opportunity

Bermuda-based Kuvare Life Re, part of Kuvare Holdings, has completed some big deals and enjoyed rapid growth since it was formed. Dhiren Jhaveri, the chief executive of Kuvare Holdings, explains to Bermuda:Re+ILS why a confluence of factors in the US life insurance sector is creating opportunities.

Kuvare Completes Acquisition of United Life Insurance Company

Completed acquisition expands offering of life and annuity solutions for the middle market

Kuvare CEO Touts $850 Million Fixed Annuity Reinsurance Agreement

Kuvare Holdings LP said it signed an agreement to assume about $850 million of fixed annuity reserves in a reinsurance transaction through its Bermuda subsidiary Kuvare Life Re Ltd.

Kuvare Announces Major Reinsurance Transaction

Fourth transaction in 18 months helps life and annuity business reach $3.5 billion in assets

Kuvare to Acquire United Life Insurance Company

Latest acquisition to expand offering of life and annuity solutions for the middle market

Kuvare Activates Platform With Closing Of Gilico Acquisition & Formation Of Reinsurance Co.

With GILICO and KLR in place, Kuvare’s platform to provide life and annuity solutions to middle-market customers will continue to grow through its acquisition-led strategy.