PE Firm Teams With Tech Co. To Invest $500M In Insurers
Law360 (October 9, 2019, 10:51 AM EDT) -- Private investment firm Varde Partners has formed a joint venture with an insurance technology company founded by former executives from Apollo Global Management and Aflac Inc. that will launch with $500 million to acquire life and retirement businesses across the globe, the companies said Wednesday.
The JV between Varde and Agam Capital will acquire, reinsure and manage complex life insurance, annuity and reinsurance assets and businesses, according to a statement. The companies are launching the JV — a name for which was not disclosed — with $500 million in initial investment capital.
Between Varde’s investment management expertise and Agam’s proprietary insurance...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!