Ascendant to Test Investor Appetite for Annuity Assets

June 28, 2023 by Allison Bell

Areinsurer based in the Cayman Islands hopes to get more capital it can use to back issuers of fixed annuities.

Ascendant Capital has hired American Elm Distribution Partners to help its raise money for annuity reinsurance deals by selling preferred shares through a private offering, American Elm announced Monday.

The companies did not say how big the offering will be or how much Ascendant intends to raise.

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Originally Posted at ThinkAdvisor on June 27, 2023 by Allison Bell.