Jackson and TPG form long-term strategic partnership, capitalising Hickory Re
U.S. retirement services company Jackson Financial Inc. has entered into a long-term strategic partnership with global alternative asset manager TPG Inc., with TPG’s investment used to provide initial capital for Jackson’s new Michigan-based captive reinsurance company, Hickory Brooke Reinsurance Company (Hickory Re). The partnership combines Jackson’s annuity product expertise and extensive distribution network with TPG’s…