Tag: Capital Markets

Nanshan Life Issues $653M Tier 2 Subordinated Bonds Guaranteed by Parent

Nanshan Life Pte. Ltd. issued $653M in 5.875% Tier 2 subordinated bonds due 2041, backed by a guarantee from Nan Shan Life Insurance Co., Ltd. The bonds bolster the insurer's capital structure through long-term debt financing.

Aegon to Re-domicile in US, Focusing on Life Insurance and Retirement Growth

Aegon plans to re-domicile to the US by 2028, rebrand as Transamerica Inc., and focus on leading the US life insurance and retirement market. The move includes a significant reinsurance transaction to reduce capital requirements.

Taiwan-Based Insurer Supports Private Equity Buyout Vehicle

A Taiwan-based insurance company has backed a private equity buyout vehicle, highlighting strategic investment trends in the insurance sector.

Everett Cash Mutual to Convert, Merge, and Join Old Republic in $153M-$207M Deal

Everett Cash Mutual Insurance is converting to stock, merging with Ever-Greene Mutual, and being acquired by Old Republic in a $153M-$207M deal, impacting insurance market consolidation and ratings.

Hildene to Acquire SILAC, Expanding Fixed Annuities Market Footprint

Hildene Capital Management announces acquisition of SILAC, boosting its fixed indexed annuities presence with a $550M deal set for mid-2026 closure, enhancing investment strategies and market growth.

PRA's Alternative Life Capital Paper Signals UK Life Insurance Innovation

The UK Prudential Regulation Authority seeks stakeholder input on alternative life capital structures to enhance capital raising and innovation in life insurance.

Baldwin Group’s $1B Merger with CAC Accelerates Specialty Insurance Brokerage Growth

The Baldwin Group's $1 billion merger with CAC advances its goal to become a top-10 global insurance broker, enhancing specialty capabilities and accelerating growth.

NAIC Strengthens Oversight of Life Insurance Market Amid Low Interest Rates

The NAIC and state regulators have enhanced oversight over the U.S. life insurance market, updating solvency frameworks, capital requirements, and transparency measures to address risks from low interest rates and complex investments.

Norton Rose Fulbright Advises on $475M Halyk Bank Global Depositary Receipt Offering

Norton Rose Fulbright advised JSC Halyk Bank and ALMEX on a $475 million global depositary receipt offering listed on LSE and AIX, highlighting cross-border capital markets expertise.

Ategrity Specialty Holdings Files IPO to Expand Specialty Insurance Capitalization

Ategrity Specialty Holdings initiates IPO priced $14-$16 per share to bolster capital and expand specialty P&C insurance operations, reporting strong net income growth for 2024.