AeCe Isa Ltd, a new class E life and annuity reinsurer, has domiciled in Bermuda.

The new firm is assisted by a partnership between Agam Capital, an analytics-driven platform, and insurer 26North Reinsurance Holdings.

AeCe will reinsure single-premium deferred annuities written by National Life Group’s Life Insurance Company of the Southwest.

A spokesman for Agam called AeCe Isa a new entrant into the fast-growing market for life and retirement reinsurance solutions in Bermuda.

AeCe will leverage Agam’s Bermuda ISAC structure that offers a suite of operational, management and governance services to Bermuda-based reinsurers.

Separately, Agam and AeCe have entered into a long-term management services agreement.

“We are thrilled to be supporting the talented National Life Group and 26North teams as they launch, develop and grow their new reinsurance platform,” said Agam cofounders, Chak Raghunathan and Avi Katz.

Josh Harris, founder of 26North, said this transaction illustrates how 26N Re’s strategic partnership with Agam continues to yield positive results as they scale their reinsurance business and diversify their platform.

“We expect this strategic arrangement to allow us to continue to grow with purpose,” said Mehran Assadi, chairman, chief executive officer and president of National Life Group. “Our focus on serving Middle America, the most underserved segment of the market, will be enhanced by the added capacity AeCe provides.”