‘Reinsurance Sidecars’: A Capital Idea
December 3, 2024 by Kerry Pechter
Athene Annuity & Life sold the most fixed deferred annuities in the first three-quarters of 2024. Its parent, Athene Holdings, has attracted billions in just-in-time third-party capital through Bermuda ‘reinsurance sidecars.’ Coincidence? Not likely.
The word sidecar evokes mental images of passenger-carrying attachments to motorcycles or of the sweet cocktail made from cognac, Grand Marnier, and lemon juice that was popular in London and Paris during the 1920s.
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Originally Posted at Retirement Income Journal on December 1, 2024 by Kerry Pechter.
Categories: Industry Articles