Cayman company Ludlow Re debuts with $1bn annuities deal
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Cayman company Ludlow Re debuts with $1bn annuities deal


Hildene Capital Management has formed Cayman Islands cell company Ludlow Re and transacted a reinsurance quota share deal covering $1bn in fixed index annuity reserves.

The transaction is with an unnamed US life insurer.

The aim for the new Ludlow Re vehicle is to offer reinsurance to the global insurance market, Hildene said.


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