Latest news with #Bermuda-based


Business Wire
4 days ago
- Business
- Business Wire
Chariot Re Launches with Co-Sponsorship by MetLife and General Atlantic
NEW YORK--(BUSINESS WIRE)--MetLife, Inc., General Atlantic, and Chariot Reinsurance, Ltd. (Chariot Re), an independent Bermuda-based Class E life and annuity reinsurance company, today announced the completion of Chariot Re's initial reinsurance transaction with a subsidiary of MetLife. Chariot Re will reinsure approximately $10 billion of liabilities, including structured settlement annuity contracts and group annuity contracts associated with pension risk transfers originated by MetLife. Chariot Re provides a unique platform positioned to reshape the life and annuity reinsurance market. The company is co-sponsored by MetLife and General Atlantic with backing from lead investor Chubb and other investors. MetLife Investment Management and General Atlantic serve as Chariot Re's exclusive external asset managers, providing a differentiated investment model that combines scale, specialization, and a long-term perspective. Cynthia Smith, a 30-year insurance veteran who most recently led MetLife's Group Benefits Regional Business, serves as Chief Executive Officer of Chariot Re. She is supported by a leadership team with deep operational and strategic expertise across insurance and reinsurance. Ms. Smith commented: 'We are launching Chariot Re from a position of strength with high-quality liabilities, a seasoned leadership team, and strong sponsors and investors, in order to meet the growing demand for life and annuity reinsurance solutions around the world.' Michel Khalaf, President and Chief Executive Officer of MetLife, said: 'This transaction with co-sponsor General Atlantic represents a significant step in establishing Chariot Re as a premier global provider of innovative reinsurance solutions. For MetLife, our strategic partnership with Chariot Re supports growth in our diversified retirement platform and asset management business, two key priorities of our New Frontier strategy.' Bill Ford, Chairman and Chief Executive Officer of General Atlantic, said: 'Together with MetLife, one of the leading and largest global insurance companies, we are committed to supporting Chariot Re as it delivers high-quality reinsurance solutions, with a focus on long-term value creation, underpinned by disciplined growth and thoughtful risk management.' Chariot Re's Board of Directors brings extensive experience and insights from across the global insurance and asset management industries, providing strong strategic direction and governance. The Board includes current and former senior executives from MetLife, General Atlantic, Chubb, and other leading organizations. MetLife's ongoing commitment to its policyholders will remain unchanged following the transaction and MetLife will continue to be responsible for all customer-related functions. About Chariot Re Chariot Reinsurance, Ltd. (Chariot Re), is an independent Bermuda-based Class E life and annuity reinsurance company. Co-sponsored by MetLife and General Atlantic with backing from Chubb and other investors, Chariot Re's unique platform leverages MetLife's global liability origination capabilities and the asset management expertise of MetLife Investment Management and General Atlantic to deliver differentiated solutions that combine scale, specialization, and a long-term perspective. For more information, visit About MetLife MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates ('MetLife'), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit About MetLife Investment Management MetLife Investment Management, the institutional asset management business of MetLife, Inc., is a global public fixed income, small and small-mid cap equities, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of March 31, 2025, had $616.9 billion in total assets under management. For more information, see the total assets under management fact sheet for the quarter ended March 31, 2025, available on MetLife's Investor Relations webpage ( About General Atlantic General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 830 companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning Growth Equity, Credit, Climate, and Infrastructure strategies. General Atlantic manages approximately $108 billion in assets under management, inclusive of all strategies, as of March 31, 2025, with more than 900 professionals in 20 countries across five regions. For more information on General Atlantic, please visit: MetLife Forward-Looking Statements The forward-looking statements in this news release, which use terms such as 'growth,' and 'will,' are based on assumptions and expectations that involve risks and uncertainties, including the 'Risk Factors' MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife, Inc.'s results could differ materially from those it expresses or implies in forward-looking statements. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later becomes aware that such statement is not likely to be achieved.


Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
Brookfield Renewable to Host Second Quarter 2025 Results Conference Call
BROOKFIELD, News, June 30, 2025 (GLOBE NEWSWIRE) — Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEPC) ('Brookfield Renewable') will hold its Second Quarter 2025 Conference Call and Webcast on Friday, August 1, 2025 at 9:00 a.m. ET to discuss results and business initiatives. Results will be released on Friday, August 1, 2025 at approximately 7:00 a.m. ET and will be available on our website at under 'Press Releases'. Participants can join by conference call or webcast: Conference Call Webcast Brookfield Renewable Brookfield Renewable operates one of the world's largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and our sustainable solutions assets include our investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others. Investors can access the portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at . Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over $1 trillion of assets under management.


Business Wire
5 days ago
- Business
- Business Wire
Sage Advisory Services and Cedar Trace to Collaborate on a Suite of Innovative Alternatives Solutions
AUSTIN, Texas & BERMUDA--(BUSINESS WIRE)--Sage Advisory Services Ltd. Co., a leading investment management firm specializing in fixed income and alternative solutions, and Cedar Trace Group, a Bermuda-based insurance, reinsurance, and asset management group, will collaborate to offer innovative investment products featuring insurance-linked securities (ILS) and credit opportunities. Robert G. Smith, President of Sage Advisory Services: 'Sage's nearly three decades of fixed income expertise, paired with Cedar Trace's unparalleled ILS capabilities, will create a powerful solution for investors seeking stability and enhanced returns.' Share The jointly advised portfolios will benefit from Sage's deep expertise in fixed income and credit strategies and Cedar Trace's capabilities in ILS, catastrophe bonds, and (re)insurance risk transfer. This collaboration aims to deliver lower-correlated, yield-enhancing total return strategies for institutional investors, family offices, and asset allocators seeking elevated, diversified, and portfolio-diversifying return opportunities. 'We are excited to partner with Cedar Trace to bring groundbreaking ILS enhanced credit opportunities to our clients,' said Robert G. Smith, President of Sage Advisory Services. 'Sage's nearly three decades of fixed income expertise, paired with Cedar Trace's unparalleled ILS capabilities, will create a powerful solution for investors seeking stability and enhanced returns.' Lawrence Minicone, CEO of Cedar Trace, added, 'We are thrilled to partner with Sage. Sage is an industry thought leader with an exceptional track record of expertise, integrity, and success. By combining our ILS capabilities with Sage's credit and fixed income proficiency, we are aiming to deliver enhancing and diversifying risk-adjusted returns to investors.' About Sage Advisory Services Based in Austin, TX, Sage Advisory Services Ltd. Co. is a premier investment management firm with nearly 30 years of experience in fixed income, responsible investing, and alternative solutions. Visit for more information. About Cedar Trace Cedar Trace Group, headquartered in Bermuda, is an insurance, reinsurance, and asset management group specializing in scalable capital solutions. It is strategically aligned with Mereo Insurance Limited, a BMA-regulated reinsurer with an A- rating from AM Best. Visit for more information.
Yahoo
18-06-2025
- Business
- Yahoo
Hamilton Insurance Group reshuffles leadership team
Bermuda-based specialty reinsurer Hamilton Insurance Group has appointed Adrian Daws as the new CEO of Hamilton Re as part of several leadership changes. Daws will succeed Megan Graves in the new role, while Alex Baker will assume Daws' previous role as CEO of Hamilton Global Specialty. Megan Graves, who has led Hamilton Re since 2020, will retire from the company on 31 December 2025. Both appointments are pending regulatory approvals, with Daws' appointment also subject to immigration clearance. Daws, who has been with Hamilton since 2015, has more than 25 years of industry experience, having served as the CEO of Hamilton Global Specialty since 2020. Baker, appointed group chief risk officer in 2022, also brings more than 25 years of insurance sector experience to his new role. He joined Hamilton in 2016, where he previously held the roles of chief risk officer and chief actuary at Hamilton Global Specialty. In addition, Tim Duffin has been named group chief underwriting officer (CUO), a newly created position, also pending regulatory approval. He will take on the new responsibility on 1 January 2026. Duffin, who has been with Hamilton since 2012, has more than 25 years of experience in the insurance space in the Bermuda and London markets. He served as the CUO of Hamilton Re before his new appointment. Daws, Baker and Duffin will join the executive management team, reporting to group CEO Pina Albo. Hamilton Insurance Group board chair David Brown said: 'We are fortunate to have such strong and talented individuals on the Hamilton team; employees who are aligned with our strategy and values and who are able to seamlessly step into key roles and continue our forward momentum and success.' In November, Hamilton Re made headlines for expanding into credit, bond and political risk and appointing Sergio Lottimore as vice-president of the new reinsurance line. "Hamilton Insurance Group reshuffles leadership team" was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.


Business Wire
17-06-2025
- Business
- Business Wire
Triangle Life: Transforming the High-Net-Worth Life Insurance Experience
HAMILTON, Bermuda--(BUSINESS WIRE)--Triangle Life announces today that it has secured its next stage of growth investment. Alongside this, the company has commenced signing agreements with international high-net-worth (HNW) brokers across key international financial centres. Headquartered in Bermuda, a global financial centre for insurance and reinsurance, Triangle Life is the only life insurance company founded with a sole focus on serving the HNW market. A strong capital base for growth has been achieved through investment from a diverse group of investors, including Aspida Life Insurance Company, BroadRiver Asset Management L.P. and a series of family offices, who align with Triangle Life's long-term vision and client-centric approach. The investors are highly supportive of the company's focus as a HNW insurance provider and its innovative growth strategy. Bringing together an exceptional team of experienced HNW insurance leaders, led by CEO, Niall O'Hare, the company is dedicated to working with brokers to help HNW clients realise the positive impact of their wealth in securing legacy plans aligned with their values and aspirations. Triangle Life has developed an innovative digital platform designed to enhance advisors' engagement and meet the expectations of today's internationally mobile, tech-savvy HNW clients. Blending cutting-edge technology with personalised service, the platform is built to deliver a modern and convenient insurance experience. Niall O'Hare, CEO, Triangle Life commented: 'At Triangle Life, we see an opportunity to bring fresh thinking and a new approach in HNW mortality protection. Strong backing from our investors reflects confidence in our vision: a modern life insurer built around the needs of today's HNW clients. We're excited to deliver on this through a team of seasoned professionals, working alongside leading brokers serving clients with complex, international life insurance needs." Merrilyn Johnson, Chief Commercial Officer, Triangle Life commented: 'Triangle Life is inspired by the belief that meeting the evolving needs of the global HNW community means doing things differently — with deeper insight, greater flexibility, and a personalised approach. By combining exceptional service with deep experience, we are built to deliver best-in-class, digitally enabled HNW life insurance solutions.' Triangle Life is expanding its broker network and invites interested distributors and advisors to contact the company for more information at info@ or visit Jefferies acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom (UK) LLP served as legal advisors to the Company in this transaction, with Appleby Bermuda acting as Bermuda counsel. ABOUT TRIANGLE LIFE Triangle Life is a Bermuda-based life insurance company providing solutions for HNW individuals (HNWIs), their families and businesses to meet today's client needs, as well as the transition to tomorrow's demands and expectations. It is uniquely focused on solving the complexities of global wealth succession that enables HNWIs to bestow a legacy aligned to their personal vision, goals and values.