Resolution Life enters into new block reinsurance transaction with Anshin Life

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Resolution Life enters into new block reinsurance transaction with Anshin Life

Resolution Life has closed a further reinsurance transaction in Japan, its first block transaction since the announcement of Nippon Life’s proposed acquisition of Resolution Life.

Resolution Life has entered into a reinsurance agreement with Anshin Life, a domestic life insurance subsidiary of Tokio Marine Holdings, a global insurance holding company with a leading position in Japan's insurance industry.

The transaction covers an in-force portfolio of premium-paying and paid-up whole life policies and transfers materially all risks associated with these policies from Anshin Life to Resolution Life including interest rate risk, policyholder behaviour and mortality risk. Anshin Life will continue to service and administer the policies.

This is another significant transaction for Resolution Life and demonstrates the company’s ongoing commitment to delivering customised reinsurance solutions to Japanese life insurers and supporting the industry with the transition to the new J-ESR solvency regime.

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. Since 2003 to date, prior Resolution entities together with Resolution Life have deployed c.$19 billion of equity in the acquisition, reinsurance, consolidation and management of life insurance companies. Together, these companies have served the needs of c.14 million policyholders while managing over $385 billion of assets. Resolution Life today has operations in Bermuda, the U.K., the U.S., Australia, New Zealand and Singapore assisting the restructuring of the primary life insurance industry globally.

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