Case Studies

Agam partnered with a pension fund backed investment platform to source, diligence and execute the sponsored demutualization of a large mid-western mutual insurance company. Inforce products included whole life, term, disability as well as fixed and variable annuities. Agam acted as the sole provider of analytic services offering a full range of diligence, hedging, structuring and financial modelling off its pALM platform. Agam further enabled a variable annuity rider reinsurance recapture as well as a whole life reserve financing as part of the overall transaction.

Agam partnered with a world class investment manager to source, diligence and execute the risk transfer of a legacy fixed index annuity (FIA) block to a de novo Bermuda based reinsurer. Agam provided the entire suite of ALM, ERM and SAA support and developed the target operating model (TOM) towards securing a Class E license from the Bermuda Monetary Authority (BMA). Post-transaction, Agam’s Bermuda-based service company, Agam ISAC Bermuda, entered into a long term service agreement to manage the operations, risk and governance structure of the reinsurer. Enabled by pALM, Agam also provides full support to the board and regulatory bodies.

Agam acted as the sole financial adviser on the risk transfer of a legacy variable annuity (VA) block from a mutual insurance company. Agam enabled the full modelling of the relevant reserves and sensitivities and helped with structuring, diligence, and documentation of the transaction. pALM was used to assess projected reserve requirements across a number of regulatory jurisdictions.