Chariot Reinsurance has closed an oversubscribed third capital raise of approximately $700 million in equity and debt financing to expand its life and annuity reinsurance platform.
The financing included participation from Chariot Re sponsors MetLife and General Atlantic, with Chubb serving as lead investor alongside other institutional investors.
Since launching in July 2025, Chariot Re has raised more than $2 billion in capital, completed three reinsurance transactions, and supported the reinsurance of approximately $20 billion of liabilities. The company said operating performance has been ahead of plan as it executes its five-year growth strategy.
The new capital is intended to increase Chariot Re’s capacity to pursue a growing pipeline of life and annuity reinsurance opportunities while maintaining its focus on disciplined underwriting and policyholder protection.
MetLife Investment Management and General Atlantic serve as Chariot Re’s exclusive asset managers, providing investment capabilities spanning public fixed income, private credit, private real estate, and private equity.
Chariot Re is an independent Bermuda-based Class E life and annuity reinsurer co-sponsored by MetLife and General Atlantic and backed by Chubb and other institutional investors.
KEY QUOTES:
“This capital raise reflects the strong business momentum Chariot Re has built in just over a year and the progress we are making against our long-term strategy. The financing expands our capacity to scale the reinsurance platform while maintaining our focus on disciplined underwriting and policyholder protection.”
Cynthia Smith, Chief Executive Officer of Chariot Re
“Chariot Re’s third capital raise reflects the confidence investors have in the platform we’ve built with General Atlantic and the Chariot Re management team. As demand for retirement and life solutions rises globally, this additional capital furthers Chariot Re’s ability to scale, while driving two of our key New Frontier priorities: retirement and asset management.”
Michel Khalaf, President and Chief Executive Officer of MetLife
“Chariot Re has established a strong foundation to become a leading life and annuity reinsurance platform, distinguished by its experienced leadership, disciplined approach, and differentiated investment model. At General Atlantic, we’re bringing four and a half decades of global investing experience and deep expertise across alternative strategies to help Chariot Re build on that foundation for the long term.”
Bill Ford, Chairman and Chief Executive Officer of General Atlantic
