Knighthead Annuity & Life Assurance Company Surveillance Report
Rating Summary
The ratings reflect the company’s strong capitalization, liquidity and financial flexibility, mature governance and risk management framework, differentiated asset strategy designed to enhance investment returns within clearly defined risk tolerances, and improving earnings quality as the franchise matures. Balancing these strengths are the company’s concentrated earnings and product mix.
Knighthead Annuity & Life Assurance Company is a Cayman Islands-licensed reinsurance and insurance entity regulated by the Cayman Islands Monetary Authority (CIMA) and part of the Knighthead Insurance Group. The company operates under the Knighthead International and Knighthead Re brands. Established in 2014, the company is focused on the sale of annuity products to affluent non-US customers and also provides reinsurance to US ceding companies. The reinsurance assumed is on products similar to the ones that the company issues outside the US.
Outlook
The Stable Outlook reflects KBRA’s…
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