Agam Capital, a provider of insurance-related asset and liability analytics, has announced that it has played a key advisory role in the formation and launch of a new Bermuda-based reinsurance platform for one of the largest mutual life insurance companies in the United States.
The new entity is structured as a separate account company (ISA) and launched as a Class E life and annuity reinsurance company.
Agam leverages its pALM analytics platform and differentiated capabilities to strategically support insurance companies in the development and establishment of new ISAs.
This move positions ISA as a dynamic growth platform that leverages the insurer’s asset management and distribution strengths.
Separately, Agam and ISA have entered into a long-term Master Services Agreement (MSA), under which Agam will leverage its differentiated asset and liability management and enterprise risk management expertise to support the new ISA and its future growth plans.
Agam co-founders Chak Raghunathan and Avi Katz said: “We are pleased to support our partners’ latest initiatives as they continue to execute on their long-term diversified business strategies.
“We thank the various teams for their collaboration in executing this important next step and are particularly grateful to the Agam working group, led by our partner Gaurav Rastogi, for making this joint effort possible.”
