Macquarie’s InEvo Re announces transaction with UK insurer

Written by Michael Griffiths

01/04/2025

Macquarie Asset Management has announced that its Bermuda-based reinsurer, InEvo Re, has entered into an agreement with a UK insurer to reinsure its pension risk transfer (PRT) liabilities.

The agreement, with an unnamed insurer, includes both pensions in payment and deferred pensioners.

InEvo Re, which aims to deliver innovative capital and risk solutions to life insurers, is led by a team with expertise in underwriting insurance and pension liabilities, asset liability management, investment and capital management.

It is supported through access to Macquarie Asset Management’s insurance asset management capabilities, global platform and expertise.

“We look forward to supporting our client in growing their UK PRT business and delivering security to policyholders,” said InEvo Re CEO, Mike White.

“We believe our team’s quality, strong risk culture, and strategic partnership with Macquarie Asset Management represent a compelling proposition for insurers globally and are excited to see a strong pipeline of opportunities and positive engagement from prospective clients.”

Group head of Macquarie Asset Management, Ben Way, added: “The insurance sector is a strategic priority for Macquarie Asset Management. InEvo Re strengthens our ability to provide solutions for insurance clients looking to service the ever-growing need for retirement products.

“Today’s announcement represents an important milestone for InEvo Re and is the result of significant investment by Macquarie Asset Management to build a world-class team and operational platform.”

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