Kindley Re, a Bermuda-based life and annuity reinsurance platform, has successfully secured $250 million in additional equity capital commitments.
This latest financing is backed by a group of leading institutional investors in the United States, Latin America, Europe and Asia.
The capital injection further enhances the platform’s ability to expand its reinsurance business and capitalize on new growth opportunities with Kuvare.
This milestone builds on Kindley Re’s previous $400 million financing to fund the reinsurance of U.S. and Asian debt originated through the Kuvare platform.
Dhrubo Krishnayer, CEO of Kindley Re, commented: “Kindley Re offers investors a diversified life and annuity portfolio and a strong institutional sponsor base.
“This financing is an important milestone as we continue to scale and seek to deliver long-term value to our investors and sponsoring cedents.”
Founded in partnership between Davidson Kempner Capital Management and technology-enabled financial services platform Kuvare Holdings, Kindley Re leverages specialized reinsurance arrangements to participate in the flow and block trades generated by Kuvare operating companies.
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