AllianceBernstein Announces Expansion of Insurance Platform
AllianceBernstein Holding L.P. Units (AB)
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US:NYSE Investor Relations:
alliancebernstein.com/corporate/investor-relations/home.htm
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Source: PR Newswire
NASHVILLE, Tenn., Nov. 13, 2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB") (NYSE: AB), a leading global investment management firm, today announced plans to expand its insurance business through a non-exclusive partnership with Reinsurance Group of America, Incorporated ("RGA") (NYSE: RGA).AB has been named as one of the lead investors in Ruby Reinsurance Company ("Ruby Re"), a reinsurance sidecar vehicle sponsored by RGA and focused on the U.S. asset-intensive market. As part of this transaction, AB intends to manage private alternative assets for RGA's general account.AB's investment in Ruby Re represents a significant milestone in the firm's continued goal of leadership within insurance asset management. As part of this financial commitment, AB will also be appointing a member to the Ruby Re Board of Directors."Our investment in Ruby Re affirms AB's continued expansion of our insurance platform and growth of our insurance investment management business," said AB's Head of Global
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AB
Earnings
- 10/24/24 - Beat
AB
Sec Filings
- 12/20/24 - Form SCHEDULE
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- AB's page on the SEC website