Reinsurance News
777 Re
Downgrade move on 777 Re credit ratings reflect “very weak” balance sheet: AM Best
19th February 2024
AM Best has downgraded 777 Re’s, the Bermuda-based reinsurance entity of investment firm 777 Partners, credit ratings and maintained its under review with negative implications status. The company offers reinsurance on active and run-off blocks of life insurance and annuity business. 777 Re’s Financial Strength Rating has been downgraded to ... Read the full article
777 Re completes two new reinsurance transactions
11th December 2020
Bermuda-based reinsurer 777 Re has announced the completion of two reinsurance transactions with US based insurance companies. Under the agreements, the direct writers will continue to service and administer the policies. The transactions will cover a quota share of newly written fixed index annuity (FIA) policies. 777 Re says principal protection and growth ... Read the full article
New Bermuda reinsurer 777 Re completes first reinsurance transaction
2nd August 2019
Newly established Bermuda-based reinsurer, 777 Re Ltd., has completed a $307 million annuity block reinsurance transaction with a U.S. insurer. 777 Re is headquartered in Hamilton, Bermuda and was founded with capital led by Miami-based investment firm, 777 Partners. The reinsurer acquires both active and run-off blocks of life insurance and ... Read the full article
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