Life ILS specialist makes pact with Alliance Bernstein unit

A London-based life insurance linked securities has made an agreement with a fund manager to source and advise on up to $1 billion of transactions. 

Farsight Partners made the agreement with funds manager AB CarVal, an alternative investment manager and part of Alliance Bernstein, for the transactions which will be primarily in Europe and the US. 

 “The sophisticated team at AB CarVal understands our strategy and provide complementary expertise," said Paul Whiting, founder and CEO of Farsight Partners. "We look forward to working with them in developing innovative transactions with insurance counterparties.”

 Robert Sinclair, managing director with AB CarVal, said: “Insurance-linked financing is a natural extension and complement to our established alternative credit platform and asset-based finance strategies, offering familiar structures with a diversifying source of risk. 

"We are pleased to be working with Farsight Partners whose experience and knowledge in sourcing, underwriting and managing these assets is a key differentiator in this market.”

Farsight Partners are experts in specialty finance transactions linked to primarily life and health insurance outcomes. AB CarVal is an established global alternative investment manager with more than 37 years of experience in speciality and asset-based finance.

AB CarVal is an established global alternative investment manager and part of AllianceBernstein’s private alternatives business.

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