Agam Capital Advises JAB Insurance on Completing the Acquisition and Successful Rehabilitation of Columbian Financial Group

TEANECK, N.J.--(BUSINESS WIRE)--Agam Capital (“Agam”), a global leader in insurance-related asset and liability analytics, advised JAB Insurance (“JAB”), the global life insurance business of JAB Holding Company, on the completion of its acquisition of Columbian Financial Group (“CFG”) following the successful conclusion of coordinated rehabilitation proceedings in New York and Illinois and receipt of all required court and regulatory approvals.

The transaction, which leveraged Agam’s unique pALM analytical platform and capabilities, includes the contribution by JAB of fresh capital to secure a stable, permanent home for policyholders. Agam advised JAB in connection with its engagement with the Rehabilitators and their teams at the New York Liquidation Bureau (“NYLB”) and the Illinois Office of the Special Deputy (“OSD”), as well as the New York State Department of Financial Services (“DFS”) and the Illinois Department of Insurance (“IDOI”).

Agam and JAB have also expanded their longstanding strategic relationship through a long-term agreement covering a range of analytical and risk management initiatives across the JAB Insurance platform.

Agam Co-Founders, Chak Raghunathan and Avi Katz, said, “We are delighted to announce the completion of this important transaction, which enables CFG to emerge as a key part of the JAB Insurance family. Our collaboration with Anant Bhalla and the JAB Insurance team continues to result in value creation opportunities as we build on our strong track record of advising on complex insurance transactions.”

Anant Bhalla, Executive Chairman of JAB Insurance, said, “We are deeply grateful for the commitment of the rehabilitators and insurance regulators in both New York and Illinois, and for the ongoing support of Agam, a longstanding advisor and strategic partner of JAB Insurance, all of whom worked with us over the past two-plus years to make this complex transaction a reality. We are pleased to welcome CFG to JAB Insurance and to provide its policyholders with a stable, well-capitalized and long-term home.”

About Agam Capital

Agam is a global leader in insurance related asset and liability analytics. Founded in 2016, Agam operates the pALM ecosystem, a differentiated analytical platform for balance sheet optimization across the insurance industry. This proprietary Asset Liability Management (ALM) platform supports Agam’s strategic partners in exceeding their capital and growth targets. With a fully embedded Dynamic Strategic Asset Allocation (DSAA) and Enterprise Risk Management (ERM) infrastructure, pALM supports Agam’s ability to offer one stop, turnkey insurance solutions to global clients in various regulatory jurisdictions.

Agam’s team of experts have a global reach with offices in the USA, Canada, Bermuda, India and Japan. In addition, Agam ISAC Bermuda, which offers a comprehensive suite of operational, management and governance services to Bermuda based reinsurers, is fully licensed as a Class E insurer by the Bermuda Monetary Authority (BMA).