Kuvare Activates Platform with Closing of GILICO Acquisition & Formation of Reinsurance Co.
With GILICO and KLR in place, Kuvare’s platform to provide life and annuity solutions to middle-market customers will continue to grow through its acquisition-led strategy
GILICO, a
KLR’s initial reinsurance transaction includes a portfolio of fixed annuity products from a highly rated insurance company. In establishing KLR, a
“It has been a pleasure to work with GILICO’s management team over the last year and we look forward to continuing to work with them as we expand the business and seek new opportunities in the years to come,” said Kuvare CEO
“We look forward to expanding Kuvare’s capabilities, as we continue to grow new products and services for middle-market customers,” added Jhaveri. For the GILICO transaction, Sandler O’Neill + Partners, L.P. was the financial advisor to Kuvare, with
About
Kuvare provides proven capabilities, strategic support, substantial resources and patient capital to help leading insurance companies pursue and achieve sustainable growth opportunities. It was founded by industry executive
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