Axonic Insurance, a global annuity and insurance platform, announced a US$210 million preferred equity investment led by LuminArx Capital Management, a global capital solutions provider, with participation from Deutsche Bank. The investment from LuminArx and Deutsche Bank will support Axonic Insurance’s continued growth across retail and institutional distribution channels while also enabling it to further accelerate technology development and enhance product servicing capabilities.
Latham & Watkins LLP represents Axonic Insurance in the transaction with a corporate deal team led by New York partners Gary Boss and Kirsten Gaeta, Boston partner John Miller, and New York counsel Alexander Traum, with associates Dante Spurlock and Sarah Weiswasser. New York partner Elena Romanova, with associate Jacob Nagelberg, advised on tax matters.
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