Moody's Ratings (Moody's) has today upgraded by one notch to A1 from A2 the insurance financial strength ratings (IFSRs) on Resolution Re Ltd. (RRL), Security Life of Denver Insurance Company (SLD), and Resolution Life Colorado Inc. (RLCO), three operating entities of Resolution Life Group Holdings Ltd. (RLGH or Resolution Life), a Bermuda-based insurance group that offers reinsurance solutions and acquires and manages portfolios of life insurance business. The long-term issuer rating and backed subordinated debt rating of RLGH Finance Bermuda Ltd (RFB), an intermediate holding and debt issuing entity, were also upgraded by one notch to A3 from Baa1 and Baa1(hyb) from Baa2(hyb), respectively. The backed fixed rate reset perpetual Ancillary Tier 1 Notes issued by RFB were affirmed at Baa3(hyb).
The upgrade to an A2 standalone IFSR reflects Resolution Life's strengthened franchise and enhanced ability to sustain profitable growth in an increasingly competitive market without materially increasing either asset or liability risk. The outlook on all entities has changed to stable from positive.
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