Apollo, KKR, Ares and the Bermudan CLO arbitrage

‘Capital efficiency’ may explain a 1,100% surge in life assets reinsured on the Atlantic island

Global life insurers have transferred $500 billion of pension and annuity assets to Bermuda over the past decade. David Burt, the island’s premier, offers a list of buzzy reasons why, including innovation, collaboration and technology. But one particular reason is worthy of closer attention: “capital efficiency”. At an insurance summit on March 14, Burt pointed to Bermuda’s capital regime as a key pillar of the island's strategy to attract insurance business.

That regime – the Bermuda Solvency

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: