Insurance Companies

Reinsurance Group of America’s investment in credit secondaries specialist FoxPath Capital Partners will broaden its access to private assets.

The deal marks another notable transaction by a Taiwanese insurer following Fubon Life’s over $1bn sale of a private market portfolio.

Part of the portfolio, which includes exposure to Advent International and Antin Infrastructure Partners, was picked up by Hamilton Lane.

Credit transactions accounted for 8% of the total $89bn LP-led volume last year, according to a report from Evercore.

The Taiwanese insurer’s portfolio sale deal could be around $2bn in size, Secondaries Investor has learned.

MEAG MUNICH ERGO, the asset management arm of European insurer, would rather see one good co-investment opportunity than be shown multiple bad ones, says head of PE and co-investments Gregory Schmitt.

Managing partner Stephan Wessel has been promoted to CEO with the firm hiring a new managing partner to lead its North America growth.

Paul Sanabria and Jeff Hammer joined the asset management unit of Canada’s largest insurer in 2019 and have overseen its debut GP-led fundraise.

The deals come as Taiwanese insurers cut their private market exposure in anticipation of a new regulatory capital regime set to begin next year.

The process involves moving stakes into a new managed fund, Secondaries Investor has learned.