Resolution Life signed two separate in force reinsurance transactions in Hong Kong and a flow reinsurance treaty in Japan
Transactions reflect Resolution Life’s commitment to Asia, breadth of solutions and strength of capabilities
Each transaction tailored to meet the specific needs of clients across products, structures and risk protections, taking into account evolving market and regulatory environments
HAMILTON, BERMUDA – Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies, today announced the closing of three separate transactions in Asia. Covering policies in Hong Kong and Japan, these transactions reinforce Resolution Life’s commitment to the growth of the primary life insurance industry in Asia.
The two Hong Kong reinsurance transactions cover participating whole of life products, transferring market, policyholder behaviour and mortality risk to Resolution Life and helping our clients to sustain policyholder dividends over the long term. The cedents will continue to service and administer the policies.
The Japan-based flow reinsurance treaty reflects Resolution Life’s ability to support life insurers across a broad range of products and risk profiles. This transaction reinforces Resolution Life’s position as a trusted reinsurance partner in Japan and further strengthens our growing presence in the market.
Together, these transactions are a testament to Resolution Life’s ability to structure deals that meet cedents’ specific requirements and demonstrate the trust cedents place in Resolution Life in an evolving market and regulatory landscape.
Rushabh Ranavat, CEO, Asia and Europe commented:
We are proud to deepen our partnerships in Asia. These transactions reflect Resolution Life’s growing market strength and our readiness to support insurers with long term, reliable reinsurance solutions.
Notes to Editor
About Resolution Life
Resolution Life is a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies. Part of the Nippon Life group, Japan’s largest life insurer, Resolution Life currently manages c.$80bn of assets and has operations in Bermuda, the U.S., the U.K., and Singapore. Since 2003 to date, prior Resolution entities together with Resolution Life have deployed c.$20bn in the global insurance industry and served the needs of c.14m policyholders. Backed by a single, well-capitalised parent, Resolution Life is a safe and reliable partner for insurers. The company is focused on:
Providing capital for growth and mitigating long-term risk so the industry can respond to the needs of policyholders
Supporting primary insurers with new sales
Serving existing policyholders and delivering benefits in a secure environment
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