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0.00106933199484977 0.00194225607227808 0.00259694913034938 0.000982039587106887 0.00102568579097827 -0.00183314056259964 -0.00202954848002097 -0.000567400650328418
Stock impact report

AB Partners With Reinsurance Group to Boost Insurance Platform [Yahoo! Finance]

Reinsurance Group of America, Incorporated (RGA) 
Last reinsurance group of america, incorporated earnings: 1/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
AB has been selected as one of the leading investors in Ruby Reinsurance Company (“Ruby Re”), a reinsurance sidecar vehicle sponsored by RGA. It focuses on the U.S. asset-intensive market. AB plans to manage private alternative assets for RGA's general account through this transaction. Per the agreement, AllianceBernstein will be appointing a member to Ruby Re's board of directors. Onur Erzan, head of Global Client Group and Bernstein Private Wealth, stated, “Our investment in Ruby Re affirms AB's continued expansion of our insurance platform and growth of our insurance investment management business. Through our partnership with RGA, AB will participate in the growing asset-intensive reinsurance market.” This move aligns with AB's growth strategy to enhance its capabilities and top-line growth. This April, the company unveiled Bernstein, a joint venture with Societe Generale SCGLY. This move aims to redefine the landscape of global cash equities and equity research by capitali Show less Read more
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