Aspida Re

We provide efficient and secure life and annuity reinsurance solutions.

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About Us

Aspida Life Re Ltd. (Aspida Re) (formerly F&G Reinsurance Ltd) is a Class E licensed company based in Bermuda that provides annuity and life insurance companies with tailored risk management solutions. Aspida Re is an indirect subsidiary of Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager with $179bn1 in AUM.

Aspida Re’s experienced team of reinsurance professionals works to optimize each reinsurance transaction to maximize the benefits for our clients. Our customized reinsurance solutions help our partners efficiently meet their capital needs while seeking to improve long-term financial results and manage the growth of new business.

Aspida Re’s services are geared to reduce the resource requirements and product launch risks of its partnering carriers, including product development assistance, implementation, valuation, and financial reporting support.

1. As of September 30, 2020. AUM amounts include funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation and registered investment advisor.

Deep Capabilities

Our team’s extensive experience in reinsurance, asset liability management, and capital optimization helps carriers looking for new reinsurance capacity reach their goals — all while providing a smooth experience.

Broad Expertise

We specialize in closed block and new business flow reinsurance of asset-intensive and interest rate-sensitive annuity and life insurance liabilities.

Tailored Solutions

We help our clients optimize return on capital and manage growth by implementing bespoke and innovative transactions to release capital, improve ratings, and support new initiatives.

 

Strong Foundation

With the support of Ares Management Corporation, Aspida Re can execute large reinsurance transactions.

Asset Management

We’ve partnered with Ares Insurance Solutions, who has insurance management experience and over $19.6 billion1 in assets invested across over 100 insurance clients.

1. As of September 30, 2020. AUM reflects amounts invested across Ares funds, SMAs and co-investments versus one discrete platform.

Meet the Team

Alex Cowley

Chief Executive Officer

Alex oversees the growth and development of Aspida Re with a focus on client results. Alex brings over 35 years of insurance, reinsurance and actuarial experience to Aspida Re having previously served in a variety of senior roles at UBS, Lehman Brothers, GenRe, and MetLife.

Anthony Donaghy

Chief Financial Officer

Anthony joined the company in 2019 and manages the financial operations including regulatory reporting, capital planning, and treasury. Anthony has over 10 years of experience in finance, accounting, and internal audit in the Bermuda (re)insurance industry.

Eric Linehan

Chief Operating Officer

Eric joined the company in 2020 and oversees the design of business strategies as well as project management, associated investment activity, and reinsurance treaty guidelines. Prior to joining Aspida Re, Eric held leadership roles at F&G Life, Capital One, and Fannie Mae.

Alana Rathbun

Chief Risk Officer

Alana joined the company in March 2020 and brings over 25 years of experience in actuarial and risk management functions. She currently oversees the risk management function for the company, including regulatory capital reporting.

Danish Iqbal

Chief Actuary

Danish has over 13 years of experience in the life (re)insurance industry working on pricing, valuation, risk, and ALM. Previously, he worked at Somerset Reinsurance, QRM, and Genworth Financial.

Our Board Members

  • Gregory Boyko
    Andrew Cook
  • David Reilly

Press

  • AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Aspida Life Re Ltd.
  • March 24, 2021: AM Best has removed from under review with developing implications... Read More
  • Ares Management Corporation And Aspida Announce the Closing of F&G Reinsurance Acquisition
  • December 18, 2020: Ares Management Corporation (“Ares”)(NYSE: ARES)... Read More
  • Ares Management Corporation to Acquire F&G Reinsurance Ltd
  • September 30, 2020: Ares Management Corporation ("Ares") (NYSE: ARES)... Read More
  • Ares Management Corporation Announces Expansion
  • July 09, 2019: Ares Management Corporation Announces… Read More

Contact Us

  • Aspida Re
    Sterling House
  • 16 Wesley Street
  • PO Box HM 534
  • Hamilton HM CX
  • P: +1 441 437 9450
  • [email protected]