Resolution Re is the global reinsurance operation of the Resolution Life Group. Based in Bermuda, we are a long-term insurer, focused on life and annuity reinsurance and innovative risk transfer solutions.
We’re here to be a partner to global insurers, providing stability throughout all economic cycles. We bring together a team of international experts who can tailor reinsurance solutions to diverse business needs.
Resolution Re was established in Bermuda in 2017. We subsequently registered as a Class E long-term insurer, focused on life and annuity reinsurance and other risk transfer solutions to both third parties and affiliates. Our first treaty was reinsuring a closed block of annuity business from a United States cedent on a modified coinsurance basis.
Since 2019 we have experienced exponential growth in our portfolios. As of December 31, 2021, despite the prolonged market volatility caused by the continued COVID-19 pandemic, we maintained a strong solvency position whilst executing on two large reinsurance transactions in Q3 and Q4 2021. We now have $3.5bn of GAAP equity, with $28bn of assets under management (AUM) with three large, diversified portfolios with highly reputable counterparties.
We achieved a rating of A3 with Moody’s with a stable outlook in the first half of 2021, reflecting its standalone risk and financial profile, good regulatory and economic capital, moderate asset risk given the high quality investment portfolio.
At Resolution Re, we have the agility and resources to support insurers in finding the right solutions for complex challenges. We can construct innovative reinsurance solutions for in-force life insurance portfolios, allowing insurers to optimise their risk management.
We believe that sound principles of corporate governance are a key element of our business. Our Board is deeply involved in providing continuing insight and clarity into our governance process. Working closely together they ensure strict adherence to risk standards, supporting a high-quality balance sheet.