Axonic Insurance secures $210 million investment

Axonic Insurance Services , a global annuity and insurance platform launched in 2024 by Axonic Capital, raised $210 million in preferred equity led by LuminArx Capital Management, with participation from Deutsche Bank.

The capital will support Axonic’s expansion across retail and institutional channels and advance its technology and product servicing capabilities. A subsidiary of Axonic Capital—which manages $7 billion in assets—Axonic Insurance develops and manages annuity products backed by structured credit expertise.

“Axonic Insurance manufactures and distributes annuities and related insurance products for consumers and institutions. Today’s transaction marks a significant milestone in the evolution of our company. In the past year, we have seen rapid growth of annuity sales, and that is a direct result of the efforts of our highly qualified, experienced, and committed team and distribution partners. We greatly appreciate LuminArx’s ability to engage rapidly and thoughtfully in support of our growth strategy. Their team understood our priorities from the outset and provided a capital solution tailored to our needs. As we enter this next stage of growth, I am grateful to have such uniquely capable capital partners, LuminArx and Deutsche Bank, who are fully aligned with our vision.” – Axonic Insurance CEO, Michael Gordon.