Chariot Re’s first Japanese deal covers $1.6bn in policy account value
The Bermuda reinsurer, co-sponsored by MetLife and General Atlantic, took on some risks from a MetLife affiliate.
13 October 2026·1 min read
The Bermuda reinsurer, co-sponsored by MetLife and General Atlantic, took on some risks from a MetLife affiliate.
Some 55% of the sponsors polled expected to complete divestment within two to five years of the July survey.
Kennedy Wilson Capital led the financing alongside four insurance participants.
Chubb led the oversubscribed financing round alongside the platform’s existing sponsors.
UK longevity reinsurance and structured settlements drove the growth; total spread of 97bps came in under the 100–120bps range.
The third fund in the platform was raised through a managed secondary sale and seeded with a $754m portfolio.