Apollo Administration Decides It Wants To A Greater Extent Than Insurance Exposure, Buys Aspen For $2.6 Bil. (Apo)

From Artemis, August 24:

Apollo buying Aspen for $2.6bn

Private equity in addition to choice investment specialist Apollo Global Management, LLC is acquiring Bermudian insurance in addition to reinsurance theatre Aspen Insurance Holdings for $2.6 billion, providing around other sign of the attraction property managers stimulate got to insurance-linked returns in addition to the resulting long-term capital.

With the acquisition of Aspen, Apollo besides gains access to an established insurance-linked securities (ILS) in addition to collateralized reinsurance platform, inward Aspen Capital Markets in addition to the squad managing the Peregrine Re collateralized reinsurance vehicle.

With Aspen having been a heavy user of third-party reinsurance working capital missive of the alphabet inward recent years, through its ain Aspen Capital Markets in addition to Peregrine transactions, its quota shares amongst other investors in addition to ILS funds, in addition to besides its recent supply to the catastrophe bond marketplace amongst the $225m Kendall Re Ltd. (Series 2018-1), it volition endure interesting to come across how that strategy  fits into an Apollo Global owned mortal re/insurance entity.

Apollo is no stranger to insurance in addition to reinsurance linked returns having a bulk stake inward the life in addition to retirement reinsurance focused companionship Athene Holding Ltd.

Apollo has demonstrated its wish every bit an investor to access long-term sources of working capital missive of the alphabet through reinsurance business, precisely it is besides known for growing profitable enterprises inside its Apollo Funds, inward their ain right, thus amongst Aspen’s concern a mix of shorter in addition to long-tailed it volition endure interesting to come across where the futurity focus lies....MUCH MORE