“With significant committed capital now in place, Ruby Re is primed to scale its asset-intensive capabilities and capacity. The continued backing and support from our investment partners validates our strategy and our strong track record in asset-intensive reinsurance.”
As part of this transaction, AB intends to manage private alternative assets for RGA’s general account.
AB’s investment in Ruby Re signifies a significant moment in the organisation’s goal of leadership within insurance asset management.
Onur Erzan, Head of Global Client Group and Head of Bernstein Private Wealth, stated: “Our investment in Ruby Re affirms AB’s continued strategic focus on the insurance market and in growing our investment management business.
“We are thrilled to partner with RGA on this differentiated platform and to participate in the asset-intensive reinsurance market.
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Publish date : 2024-11-13 02:39:00
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