Reinsurance News
Resolution Re
Resolution Re enters into third UK PRT reinsurance transaction
26th September 2024
Resolution Re, the Bermudian reinsurance platform of global life insurance group, Resolution Life, has entered into a new UK Pension Risk Transfer (PRT) reinsurance deal with a leading UK-regulated insurer. Resolution Life’s other two transactions were signed in 2023, and now the firm manages a cumulative total of over $3.5 billion ... Read the full article
Resolution Re enters flow reinsurance agreement with Japanese insurer
1st February 2024
Resolution Life, a global manager of in-force life and annuity policies, has announced that its Bermudian reinsurance platform, Resolution Re, has entered into a flow reinsurance agreement with an undisclosed Japanese insurer. According to Resolution Life, this transaction is the first flow reinsurance arrangement for the cedant and aims to provide ... Read the full article
Resolution Re announces £2bn funded reinsurance transaction
15th January 2024
Resolution Life's Bermudian reinsurance platform, Resolution Re, has executed a new reinsurance transaction in which it reinsured the market and longevity risks of around 90,000 policyholders – c.£2 billion ($2.5bn) of individual in-payment UK annuity liabilities. The transaction was completed at the end of 2023, and is Resolution Re's second funded reinsurance ... Read the full article
Resolution Re enters first UK PRT reinsurance transaction
30th October 2023
Long-term legacy life insurance solutions provider Resolution Life has announced that its Bermudian reinsurance platform, Resolution Re, has entered into the UK Pension Risk Transfer (PRT) market with its first reinsurance agreement. The transaction reinsures longevity and asset risks associated with UK pension liabilities of a leading UK-regulated insurer. Under the terms ... Read the full article
Fitch views RGA’s market position ‘favourably’
11th April 2023
Fitch Ratings views the Reinsurance Group of America’s (RGA) entrenched market position and long track record in the global reinsurance market "favourably". This news follows Fitch's outlook revision for RGA to positive from stable. Fitch said that this outlook revision reflects RGA’s business profile improvement as the largest provider of ... Read the full article
Resolution Re enters reinsurance agreement with Dai-Ichi Life
22nd June 2022
Resolution Re, part of global life insurance group Resolution Life, has entered into a reinsurance agreement with Dai-Ichi Life, a large life insurer in Japan. The agreement includes the transfer of a closed book of whole of life policies totalling around $1.5bn. Dai-Ichi Life will continue to service the reinsured business, ... Read the full article
Resolution Life announces new rep office in Singapore to serve Asian life insurers
6th April 2022
Global life insurance group, Resolution Life has announced the formation of its new Representative Office in Singapore, following recent approval by the Monetary Authority of Singapore. The formation of the Representative Office is the first step in the company’s plan to establish itself in Asia, with ambitions to grow its portfolio ... Read the full article
Allianz in $35bn reinsurance agreement with Resolution Life & affiliates of Sixth Street
3rd December 2021
Allianz Life, part of the global insurer and reinsurer, has announced a new reinsurance agreement with affiliates of Sixth Street, including Talcott Resolution Life Insurance Company, and Resolution Life, for a $35 billion fixed index annuity portfolio. The arrangement is in line with the firm's strategy to unlock value in its ... Read the full article
Resolution Re completes reinsurance deal with Allianz Suisse Life
30th September 2021
Resolution Life, a long-term legacy life insurance solutions provider, has announced that its Bermudian reinsurance platform, Resolution Re, has entered into a reinsurance agreement with Allianz Suisse Lebensversicherungs-Gesellschaft AG (Allianz Suisse). The deal transfers a quota share of 80% of the liabilities of Allianz Suisse’s Traditional Individual Life Business, made up ... Read the full article
Resolution Life sees commitments hit $5bn following latest capital raise
14th May 2021
Resolution Life has raised an additional $1.6 billion of capital which will be used to support its growth strategy via the acquisition and reinsurance of life insurance portfolios. This latest capital raise means that since its launch in September of 2018, Resolution Life has now secured commitments of roughly $5 billion. Investors ... Read the full article
Resolution Re names Steve Hales as its new CEO
8th October 2019
The reinsurance arm of Bermuda-based Resolution Life Group, Resolution Re, has announced the appointment of Steve Hales as Chief Executive Officer (CEO). Hales joined Resolution Life Group in 2017 as Executive Director in Europe, and prior to this, served as Group Head of Connected Insurance at Assicurazioni Generali where he led ... Read the full article
Resolution Re reinsures $5.7bn of Symetra Life annuity liabilities
13th September 2018
Resolution Re has entered into a reinsurance agreement with Symetra Life Insurance Company to transfer financial responsibility for all of Symetra’s structured settlement annuity contracts and a smaller block of income annuities to Resolution Re. The reinsured block had $5.7 billion in total statutory reserves at December 31, 2017, the parties ... Read the full article
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