Life reinsurance

Amid an uncertain year for the life insurance segment, mortality and value-in-force transactions remained the mainstay of life ILS managers as fundraising tapered off after a 2018 growth spurt.

Private equity firm The Carlyle Group has lifted its stake in Fortitude above 70 percent.

The long-term legacy life portfolio manager will use the capital for new run-off acquisitions.

The former Swiss Re executive joins after the firm's former head of life left in late 2018.

The latest Sigma report said that continuing economic uncertainty will not halt premium expansion.

Parent asset manager Apollo is set to nearly double its stake in the life insurer.

The banking fund’s ILS investments have increased as fellow UK investor IBM Pensions Trust keeps its allocation steady.

The second payment from its cash fund is in addition to $20mn approved in February.

Demand for longevity swaps has increased as Brexit approaches, the reinsurer said.

Terms of the deal were not disclosed.

The US remains the largest insurance market, accounting for $1.5tn of global life and non-life premiums.

The two firms first partnered at the start of this year.