Resolution Life Closes Three Asia Deals
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.
A spokesperson said, “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.”
