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InEvo Re finalizes two reinsurance deals with UK insurers

The Bermuda Class E life and annuity reinsurer said the transactions expand its UK client base and were structured to match each client’s capital and risk objectives.

Reported · Written up by our desk · Reinsurance

InEvo Re, a Bermuda Class E life and annuity reinsurer, has completed two reinsurance transactions with two new UK insurance clients, Reinsurance News reports.

The company described the deals as evidence of its position in the UK funded reinsurance market and said it is expanding capacity to provide complex, tailored solutions across international markets.

In commenting on the transactions, InEvo Re Chief Underwriting Officer Alex Brogden said the agreements mark an important expansion of the firm’s client base, with each deal structured to meet clients’ specific capital and risk objectives.

Brogden joined InEvo Re in June, and in August AM Best assigned the reinsurer a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), both with a stable outlook.

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