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Resolution Life signs a $9.7 billion reinsurance deal with Protective Life to manage risk and enhance capital.
Resolution Life, a global life insurance firm, has entered into a $9.7 billion reinsurance agreement with Protective Life, a U.S. subsidiary.
The deal includes structured settlement annuities and universal life policies, adding to Resolution Life's $100 billion in life and annuity reserves.
This transaction highlights Resolution Life's risk management and capital strength, while allowing Protective Life to free up capital for future growth.
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Resolución Life firma un acuerdo de reaseguro de 9.700 millones de dólares con Protective Life para gestionar el riesgo y mejorar el capital.