About usWhat we do

Converge RE II is a Puerto Rico domiciled Class 5 Life and Annuity reinsurer that structures and delivers financial solutions on in-force and new business to primary life and annuity insurers in the US.

  • Converge RE II multi-product reinsurance solutions:
  • Fixed Deferred, Indexed, Multi-Year Guarantee and Pay-Out Annuities
  • Asset Intensive Life Insurance Products - Whole Life, Pre-Need and Final Expense
  • Interest Sensitive Life Insurance
  • COLI / BOLI Products
  • Structured Settlements
  • Converge RE II is NAIC accredited as a life reinsurer, and is a founding member of the Puerto Rico International Insurance Association (“PRIIA”).
    Converge RE II is managed by a team of highly experienced and accomplished reinsurance and investment management executives with credible deep industry experience and networks, as well as a proven track record of successfully executing multiple reinsurance transactions.

Investor and Capitalization


  • The Lightstone Group has a long term financial commitment to Converge RE II and views the life and annuity reinsurance as a diversification of its core real estate business; an opportunity to bring proven real estate investment management expertise to enhance yields on asset portfolios supporting long duration liabilities.
  • Converge RE II was seeded with $100 million of initial capital on the balance sheet. An additional capital commitment of $150 million to Converge Re through a commitment letter held in Converge Re Holdings Ltd to fund the continued growth of the business.

  • Lightstone has three major platforms:
  • Lightstone Enterprises Limited: $2.17 billion of assets and total equity of $927 million
  • Lightstone Non-Traded REITs: Total assets of $1.48 billion
  • Lightstone Private Equity: Real estate investing, development as well as opportunistic investments. Current development pipeline in excess of $2.7 billion

  • Lightstone Enterprises Limited is a BVI-registered public company with unsecured corporate bonds trading on the Tel Aviv Stock Exchange. Rated A1 by Moody’s Midroog and ilA+ by Standard & Poor’s Maalot. The Company’s portfolio generated approximately $100 million of net operating income on a proportional consolidated basis in 2017.
  • Lightstone is a major sponsor of public non-traded REITs, and to date has raised more than $600million of investor capital from four programs and delivered strong NAV and MFFO performance.

Converge qualityFinancial Solutions

Converge RE II endeavors to develop a deep understanding of a partner’s business and its unique reinsurance needs so that the collective “we” can work together to customize the optimal solution.

Converge RE II provides transparency, responsiveness and flexibility throughout the entire process and, in this way, we aim to build long-term reinsurance partnerships.

Release Capital and Improve Return on Equity

  • Monetize embedded value and realize capital gains
  • Release capital backing blocks of business
  • Reallocate capital to organic growth

New Business Reinsurance

  • Reduce capital and balance sheet commitment
  • Provide product expertise and analytics
  • Maintain presence in key distribution channels
  • Provide capital support through block reinsurance

Exit Non-Core Lines of Business

  • Shift focus, capital and resources to core lines
  • Transfer administration and reduce operational overhead

Management GroupKey Personnel

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David Lichtenstein
Chairman and Chief Executive Officer of Lightstone

Responsible for directing all aspects of the acquisition, financing and management of the company’s investment portfolio.

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Mitchell C. Hochberg
President of Lightstone and Converge RE II Board Member

More than 30 years of experience in every facet of real estate development and operations, including the residential, hospitality, commercial, gaming and mixed-use sectors.

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Rick Hodgdon
President and Board Member of Converge

Recognized as an industry leader in the life & annuity, and health reinsurance market for in-force and flow transactions.

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Patrik Guindon, FSA, MAAA
Chief Risk Officer of Converge Services

Fellow of the Society of Actuaries with over 20 years of insurance industry entrepreneurial, consulting, executive management and leadership experience.

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Donna Brandin
Chief Financial Officer & Treasurer

Chief Financial Officer and Treasurer at Lightstone, where she brings over 25 years of experience in leading corporate finance operations.

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Joseph E. Teichman
Executive Vice President & General Counsel

Executive Vice President and General Counsel at Lightstone, where he is responsible for overseeing and managing the legal affairs of the company and its operating entities.

Converge RE II

General Inquiries: info@converge-re.com 888.252.9997

Contact us!