Värde Partners Inc. and Agam Capital will form a joint venture that can price and manage insurance products with embedded market and actuarial risks.
The entity will utilize Värde Partners' investment management capability and Agam Capital's proprietary pALM platform, which evaluates and assesses complex insurance liabilities through machine learning, predictive data analytics and cloud computing. Through the joint venture, the alternative investment firm and insurance solutions provider aim to offer economic solutions to life insurance companies.
Värde Partners will invest an initial $500 million in complex life insurance, annuity and reinsurance assets that will be supported by the joint venture, as part of the alternative investment firm's private equity strategy into insurance.
