RGA Announces Ruby Re Has Reached $480 Million in Total Funding with the Successful Close of Second Investment Round
RGA's Ruby Reinsurance Company (Ruby Re) has successfully completed its second funding round, reaching $480 million in total capital raised, approaching the upper limit of its $400-500 million target range. The second round attracted investments from AllianceBernstein L.P. (AB), EnTrust Global, and Enstar Group, complementing initial investments from Golub Capital, Hudson Structured Capital Management , and Sammons Financial Group. AB will appoint a member to Ruby Re's Board of Directors. This funding positions Ruby Re to expand its asset-intensive reinsurance capabilities and capacity.
Ruby Re, la compagnia di riassicurazione di RGA, ha completato con successo il suo secondo round di finanziamento, raggiungendo un totale di $480 milioni raccolti, avvicinandosi al limite superiore del target di $400-500 milioni. Il secondo round ha attratto investimenti da AllianceBernstein L.P. (AB), EnTrust Global e Enstar Group, complementando gli investimenti iniziali di Golub Capital, Hudson Structured Capital Management e Sammons Financial Group. AB nominerà un membro nel Consiglio di Amministrazione di Ruby Re. Questo finanziamento posiziona Ruby Re per espandere le proprie capacità e competenze di riassicurazione ad alta intensità di asset.
La compañía de reaseguro Ruby Re de RGA ha completado con éxito su segunda ronda de financiación, alcanzando un total de $480 millones en capital recaudado, acercándose al límite superior de su objetivo de $400-500 millones. La segunda ronda atrajo inversiones de AllianceBernstein L.P. (AB), EnTrust Global y Enstar Group, complementando las inversiones iniciales de Golub Capital, Hudson Structured Capital Management y Sammons Financial Group. AB nombrará a un miembro para el Consejo de Administración de Ruby Re. Este financiamiento posiciona a Ruby Re para ampliar sus capacidades y competencias de reaseguración intensivas en activos.
RGA의 루비 재보험 회사(Ruby Re)는 두 번째 자금 조달 라운드를 성공적으로 완료하여 총 $480 백만의 자본을 모집하였으며, $400-500 백만 목표 범위의 상한선에 가까워졌습니다. 두 번째 라운드는 AllianceBernstein L.P. (AB), EnTrust Global, Enstar Group으로부터 투자를 유치하였으며, Golub Capital, Hudson Structured Capital Management 및 Sammons Financial Group의 초기 투자와 보완됩니다. AB는 Ruby Re의 이사회에 회원을 지명할 것입니다. 이 자금 조달은 Ruby Re가 자산 집중형 재보험 능력과 용량을 확장하도록 자리매김합니다.
La compagnie de réassurance Ruby Re de RGA a réussi à compléter son deuxième tour de financement, atteignant un total de 480 millions de dollars de capitaux levés, se rapprochant de la limite supérieure de sa fourchette cible de 400 à 500 millions de dollars. Le deuxième tour a attiré des investissements de AllianceBernstein L.P. (AB), EnTrust Global et Enstar Group, complétant les investissements initiaux de Golub Capital, Hudson Structured Capital Management et Sammons Financial Group. AB nommera un membre au conseil d'administration de Ruby Re. Ce financement permet à Ruby Re d'élargir ses capacités et compétences en matière de réassurance intensive en actifs.
Die Ruby Reinsurance Company von RGA (Ruby Re) hat erfolgreich ihre zweite Finanzierungsrunde abgeschlossen und ein Gesamtvolumen von $480 Millionen eingeworben, was dem oberen Limit ihrer Zielspanne von $400-500 Millionen entspricht. In der zweiten Runde wurden Investitionen von AllianceBernstein L.P. (AB), EnTrust Global und Enstar Group angezogen, die die ursprünglichen Investitionen von Golub Capital, Hudson Structured Capital Management und Sammons Financial Group ergänzen. AB wird ein Mitglied in den Vorstand von Ruby Re berufen. Diese Finanzierung positioniert Ruby Re, um ihre kapitalintensive Rückversicherungskapazität und -fähigkeiten auszubauen.
- Successful capital raise of $480 million, reaching near the maximum target range
- Attracted new high-profile investors including AllianceBernstein, EnTrust Global, and Enstar Group
- Enhanced governance with AB appointing a board member
- None.
Insights
The successful
The participation of major institutional investors like AllianceBernstein, EnTrust Global and Enstar Group adds credibility and brings strategic value beyond capital. This insurance sidecar structure allows RGA to expand its reinsurance capacity while sharing risks with third-party investors, effectively increasing its underwriting capabilities without proportionally increasing its balance sheet exposure.
The deal strengthens RGA's competitive position in the growing asset-intensive reinsurance segment, potentially leading to increased premium volume and fee income. The strategic partnership with AB, including board representation, suggests strong alignment of interests and potential for future collaboration.
“Ruby Re’s successful second capital raise, closing at the top of our targeted range, marks a major milestone for this innovative insurance sidecar platform. With significant committed capital now in place, Ruby Re is primed to scale its asset-intensive capabilities and capacity,” said Leslie Barbi, Executive Vice President, Chief Investment Officer, RGA. “The continued backing and support from our investment partners validates our strategy and our strong track record in asset-intensive reinsurance.”
“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,” said Onur Erzan, Head of Global Client Group and Head of Bernstein Private Wealth.
Jefferies acted as financial advisor and Oliver Wyman provided actuarial support. Latham & Watkins LLP acted as legal advisors to RGA and Ruby Re. Additional terms are not being disclosed at this time.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world’s largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately
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Lynn Phillips
Vice President, Corporate Communications
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Lizzie Curry
Executive Director, Public Relations
636-736-8521
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Jeff Hopson
Senior Vice President, Investor Relations
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Source: Reinsurance Group of America, Incorporated
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