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AllianceBernstein to Expand Insurance Business in Partnership With Reinsurance Group of America
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AllianceBernstein to Expand Insurance Business in Partnership With Reinsurance Group of America
Nov 13, 2024 10:11 AM

10:06 AM EST, 11/13/2024 (MT Newswires) -- AllianceBernstein ( AB ) said Wednesday it plans to expand its insurance business through a non-exclusive partnership with Reinsurance Group of America ( RGA ) .

Financial details weren't disclosed.

AllianceBernstein ( AB ) said it has been named as one of the lead investors in Ruby Reinsurance, a reinsurance sidecar by Reinsurance Group of America ( RGA ) focused on the US asset-intensive market.

Under the partnership, AllianceBernstein ( AB ) will manage private alternative assets for Reinsurance Group of America's ( RGA ) general account and appoint a member to Ruby Reinsurance's board, the company said.

Price: 35.94, Change: -0.24, Percent Change: -0.66

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