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Apollo to invest $500m into surplus notes issued by RGA’s Chesterfield Reinsurance

March 31, 2023

Global alternative asset manager, Apollo Global Management, Inc., has closed an agreement for its affiliated companies, third-party insurance managed accounts, and other institutional clients to invest $500 million into surplus notes issued by Reinsurance Group of America’s (RGA) wholly owned indirect subsidiary, Chesterfield Reinsurance Company.

This bespoke, high-grade investment solution was Apollo’s second transaction with RGA and utilised cross-platform expertise, including in insurance, insurance-linked securities (ILS), and multi-asset credit.

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