Reinsurance News
Lincoln Financial Group
Lincoln Financial & Bain Capital announce long-term strategic partnership
9th April 2025
Lincoln Financial and Bain Capital have announced a long-term strategic partnership, with Bain Capital acquiring a 9.9% ownership stake in Lincoln for $825 million. As part of the deal, the two companies will establish a 10-year investment management relationship. Bain Capital will serve as an investment manager across a range of ... Read the full article
Fortitude Re closes $28bn reinsurance agreement with Lincoln Financial
21st November 2023
Global multi-line reinsurer Fortitude Re has announced the closing of its $28 billion reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation. This is consistent with the agreement announced in early May this year. It was stated that Lincoln will reinsure a significant portion ... Read the full article
Lincoln gets regulatory approval for reinsurance transaction with Fortitude Re
2nd November 2023
Lincoln Financial Group, a subsidiary of Lincoln National Corporation and its affiliates, has received regulatory approval for its previously announced reinsurance transaction with global multi-line reinsurer, Fortitude Reinsurance Company Ltd. The transaction will be effective from October 1, 2023, and is expected to close later this month. According to the terms of ... Read the full article
Lincoln Financial reports net loss for Q1 2023 of $909 million
10th May 2023
Lincoln Financial Group has reported a net loss available to common stockholders for Q1 2023 of $909 million, compared to net income available to common stockholders in Q1 2022 of $1.481 billion. The company reported the reason for this net loss was primarily driven by unfavourable impacts from a portion of ... Read the full article
Fortitude Re and Lincoln Financial sign $28bn life & annuity reinsurance agreement
3rd May 2023
Global multi-line reinsurer Fortitude Re has entered into an agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln National Corporation and its affiliates, under which Lincoln will cede approximately $28 billion of in-force universal life insurance and fixed annuity business to Fortitude Re. Specifically, the risk transfer transaction ... Read the full article
Lincoln Financial in flow reinsurance deal with Talcott Resolution
27th September 2021
Lincoln Financial Group has entered into an agreement with Talcott Resolution Life Insurance Company to reinsure up to $1.5 billion in sales of Lincoln’s variable annuity living benefit rider. The transaction covers business issued from April 1, 2021, through June 30, 2022, and will see Lincoln Financial retain account administration and ... Read the full article
Lincoln Financial announces addition to board
25th August 2020
Lincoln Financial Group has announced that Reginald Davis has been elected to serve on the company’s board of directors. Davis most recent position was at Flagstar Bank, his role was executive vice president and president of banking. He has more than 35 years of experience in the commercial banking industry and previously ... Read the full article
Lincoln Financial president of group protection Mucci to retire
3rd December 2019
Insurance holding company Lincoln Financial Group has announced the imminent retirement of Group Protection president Dick Mucci. Mucci, whose retirement is set for December 31, will be replaced on an interim basis by Eric Reisenwitz. Mucci joined Lincoln in 2014 and has overseen a period of improvement in profitability, along with growth ... Read the full article
Lincoln Financial expands roles of two corporate finance leaders
8th April 2019
Christopher Giovanni and Jeffrey Coutts, two leaders within Lincoln Financial Group’s corporate finance organisation, are taking on new roles. Senior Vice President Giovanni has been named Corporate Treasurer while Coutts, who currently serves as corporate treasurer, has been appointed Chief Valuation Actuary, a newly created role. In this expanded role, Giovanni will ... Read the full article
Athene announces $7.7bn block reinsurance deal with Lincoln Financial Group
10th December 2018
Athene Life Re (ALRe), a subsidiary of one of Bermuda's leading retirement services companies, Athene Holding, has entered into a reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln Financial Group. Under the agreement, ALRe has agreed to reinsure an 80% quota share of a $9.6 billion in-force block ... Read the full article
Protective completes $1.2bn reinsurance deal with Liberty Life
2nd May 2018
Protective Life Corporation, a wholly owned U.S subsidiary of Dai-ichi Life Holdings, Inc., has announced that it has successfully completed the acquisition of all the individual life and annuity business of Liberty Life Assurance Company of Boston (Liberty Life) in a reinsurance deal valued at $1.2 billion. Protective entered the ... Read the full article
Protective in reinsurance agreement to acquire Liberty Life and Annuity operations
19th January 2018
Dai-ichi Life Holdings, Inc.'s wholly owned U.S. subsidiary, Protective Life Corporation (Protective), has entered into a reinsurance agreement with Lincoln Financial Group, under which its life and annuity subsidiaries will acquire all of the life and annuity business of Liberty Life Assurance Company of Boston (Liberty Life). Protective subsidiaries, Protective Life ... Read the full article
Lincoln Financial hires new lead for Life Insurance Product Management
4th January 2018
Insurance and reinsurance industry veteran, Stafford Thompson, Jr., has been appointed Senior Vice President (SVP), Life Product Management, for the individual Life insurance business of Lincoln Financial Group. Thompson joins the firm from SCOR Global Life Americas, and brings over 23 years of industry experience to the role, which includes experience in ... Read the full article
Athene President talks “important” Lincoln deal and benefit of offshore strategy
18th August 2017
President of Athene Holding, Bill Wheeler, has praised the company's "important" flow reinsurance deal with Lincoln Financial Group, underlining the benefits of having an offshore strategy in the market. Athene Holding announced in early August that it had finalised a flow reinsurance treaty with Lincoln Financial Group, and President of the ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
