GreyCastle Holdings Ltd. – EGI

GreyCastle Holdings Ltd.

Key Takeaway

Patient capital

GreyCastle was formed in 2014 to acquire the run-off life reinsurance assets of XL Group. As seller, XL was focused on counterparty risk, and EGI, along with another investor, organized a group of family offices and university endowments into a long-term, risk-averse buyer for the business. As a result of our appeal as a counterparty to XL, we were able to acquire the assets at a compelling valuation. We have now successfully formed an attractive sustainable partner for the life insurance industry, and we continue to work with GreyCastle in reviewing additional portfolio acquisition opportunities.