Obra’s teams monitor pricing in insurance and reinsurance markets to identify attractive risk profiles across a spectrum of life and annuity & property and casualty product lines.
Special Situations
Insurance Special Situations
Our insurance strategies seek opportunity in cross-asset and multi-risk transactions where credit and insurance meet, providing unique capital solutions to a variety of market participants.
We believe investment opportunities are often sourced in esoteric, hard-to-access markets that generally have been overlooked, misunderstood, or require a unique focus and specialized skillset to underwrite, structure, and execute.
Obra’s scalable platform and expertise allow us to potentially bypass barriers to entry, which positions our firm as a “first-call” capital provider in the esoteric finance and insurance-linked market.
Our industry experience and proprietary sourcing channels are leveraged to engage with insurance and finance entities to creatively structure transaction opportunities for our investors.
The asset spectrum includes disintermediated credit structures, collateralized financing, financial receivables, and specialty reinsurance.
Transaction characteristics
Longevity
Obra operates as one of the largest vertically integrated longevity investing platforms
Our Longevity strategies aim to provide investors with non-correlated, risk-adjusted yields, and diversification benefits using proprietary fundamental and algorithmic underwriting while balancing exposures of longevity and mortality risks.
We believe that combining different forms of longevity and mortality risk created opportunity for more stable performance and predictable cash flows across various return drivers.
Obra has teams dedicated to sourcing, underwriting, pricing and premium optimization, portfolio modeling and analytics, trading, and servicing.
Obra is vertically integrated with (1) Magna Life Settlements, Inc., a licensed life settlement provider, (2) Unified Life Insurance Company, a life and health insurance carrier, and (3) Magna Servicing LLC, a subsidiary dedicated to asset servicing.
Broad market access • Dual-market participation • Enhanced trading capabilities • Robust due diligence • Service Integration • Comprehensive servicing
Longevity Strategies
Longevity Risk
Life settlements
Longevity swaps
Annuity blocks
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Portfolio Balance
Balance between longevity and mortality risk
More consistent offsetting cash flows
Lower volatility
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Mortality Risk
Closed block life insurance
Mortality swaps
Life contingent structured settlements
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