Check out the latest updates from Kuvare and our companies.
Kuvare Insurance Services Announces Launch of 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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more
Kuvare Completes Acquisition of Lincoln Benefit Life CompanyBusinessWire
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.Read more
Today's investment challenges in Bermuda's insurance sectorInsurance Asset Risk
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.Read more
Kuvare US Holdings to Acquire Lincoln Benefit Life CompanyBusinessWire
"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 LastThinkAdvisor
Dhiren Jhaveri says he has a different strategy because he has a different type of investor.Read more
A.M. Best Removes From Under Review with Developing Implications and Affirms Credit Ratings of United Life Insurance CompanyA.M. Best
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.Read more
Riding a Wave of OpportunityBermuda Re
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.Read more
Kuvare Completes Acquisition of United Life Insurance Company
Completed acquisition expands offering of life and annuity solutions for the middle marketRead more
Kuvare CEO Touts $850 Million Fixed Annuity Reinsurance AgreementA.M. Best
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.Read more
Kuvare Announces Major Reinsurance Transaction
Fourth transaction in 18 months helps life and annuity business reach $3.5 billion in assetsRead more
Kuvare to Acquire United Life Insurance Company
Latest acquisition to expand offering of life and annuity solutions for the middle marketRead more
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.Read more