Agam ISAC Expands Bermuda Platform
Agam Capital is advising one of the largest mutual life insurers in the United States, in the formation and launch of an incorporated segregated account company [ISA] as a Bermuda-domiciled Class E life and annuity reinsurer.
A spokesperson said, “This strategic engagement leveraged Agam’s unique pALM analytical platform and differentiated capabilities to support the insurer in the development and establishment of the new ISA as a vibrant growth platform leveraging the asset management and distribution strengths of the insurer.
“Separately, Agam and the ISA have entered into a long-term Master Services Agreement [MSA] whereby Agam will leverage its differentiated asset and liability management and enterprise risk management expertise to support the new ISA and its future growth plans.”
Agam’s Co-Founders, Chak Raghunathan and Avi Katz, said, “We are pleased to be supporting our partner’s latest initiative as they continue to execute on their long-term diversified business strategy. We appreciate the collaboration with the respective teams in the execution of this important next step and offer special thanks to the Agam working group which was led by our partner Gaurav Rastogi in the achievement of this joint effort.”
