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Agam Capital strikes deal

The co-founders of Agam Capital Avi Katz, left, and Chak Raghunathan, together with Jason Hayward, Minister of Economy and Labour and Anup Seth, CEO of Agam Bermuda (File photograph supplied)

Agam Capital, the global platform for insurance analytics with an office in Bermuda, has entered into an agreement with The Guardian Life Insurance Company of America to develop its next generation asset liability management platform.

The company said Guardian will use Agam’s pALM analytical infrastructure to support its plans to further optimise its investment portfolios and risk-adjusted returns.

Agam’s co-founders, Chak Raghunathan and Avi Katz, said: “We are excited about the opportunity to work with the talented Guardian team towards the development of this world-class ALM and strategic asset allocation platform and support their long-term financial goals.”

Kevin Molloy, Guardian’s chief financial officer, said: “We look forward to partnering with Agam and leveraging their pALM system to enhance Guardian's financial modelling, investment allocation, and risk management capabilities.”

Agam Capital has offices in Bermuda, the United States, Canada, and India.

Agam ISAC Bermuda, which offers a suite of operational, management and governance services to Bermudian-based reinsurers, is licensed as a Class E insurer by the Bermuda Monetary Authority.

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Published December 21, 2023 at 2:40 pm (Updated December 21, 2023 at 7:38 pm)

Agam Capital strikes deal

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