Agam Capital Launches ISA in Bermuda to Boost Reinsurance Operations

Agam Capital has successfully launched an incorporated segregated account company (ISA) in Bermuda, designated as a Class E life and annuity reinsurer, in partnership with a prominent U.S. mutual life insurer. Utilizing Agam's proprietary pALM analytical platform, the initiative aims to bolster the insurer’s asset management and distribution capabilities. This strategic move is expected to enhance operational efficiencies and align with regulatory compliance requirements in the Bermuda insurance market.

Agam has also secured a long-term Master Services Agreement with the newly established ISA. This agreement will enable Agam to provide continuous asset and liability management, as well as enterprise risk management services, which are crucial for the ISA's planned expansion. The partnership marks a significant step in fortifying the ISA's competitive position in the global reinsurance landscape.

Agam's co-founders, Chak Raghunathan and Avi Katz, acknowledged the collective effort required for this venture, highlighting Gaurav Rastogi's leadership in the project. Since its inception in 2016, Agam Capital has leveraged its pALM platform to optimize balance sheets for insurance carriers worldwide. With a presence across several key markets, including the USA, Canada, Bermuda, India, and Japan, Agam remains committed to delivering comprehensive insurance solutions tailored to the needs of global reinsurers.