closed-block life insurance


Cowdery’s Resolution Life promotes Hales to CEO of reinsurance unit

Resolution Life, the life insurance focused arm of insurance entrepreneur Clive Cowdery’s Resolution Group, has announced the promotion and appointment of Steve Hales as CEO of its Bermuda reinsurance unit Resolution Re.Resolution has an interesting strategy that sees it taking on large books of life insurance business, using fund type read the full article →

Cowdery raising new fund for closed-life insurance business: Reports

Insurance entrepreneur Clive Cowdery, the founder of life book investor Resolution Group, is reported to be raising capital for a new Bermuda investment fund that will continue to target backing closed-books of life insurance business with reinsurance capital.Resolution has set up a number of permanent capital structures over the years, read the full article →

Phoenix takes Abbey Life from Deutsche Bank for £935m

Phoenix Life Holdings Limited, a subsidiary of life insurance and reinsurance consolidator Phoenix Group Holdings Limited, has agreed to acquire the Abbey Life business from Deutsche Bank, a deal that will provide the troubled bank with £935m ($1.215 billion) in cash.Abbey Life is company that regularly features in the longevity read the full article →

XL offloads $22bn of run-off life exposure via reinsurance with RGA

XL Group has continued its downsizing of the life insurance aspects of its business, as it seeks to increase the focus on property casualty underwriting in the wake of its acquisition of Catlin, announcing a reinsurance deal with Reinsurance Group of America Inc."Over the past few years, through a series read the full article →

Buying closed blocks of life business remains a focus for reinsurers

Large global reinsurance firms remain focused on buying up closed blocks or books of life and health insurance business, believing that by pooling the underlying assets and managing the legacy claims they can make the books perform better than those who wrote the business.It's a business that also attracts a read the full article →

Canada Pension Plan Investment Board to acquire Wilton Re

The Canada Pension Plan Investment Board (CPPIB) has announced that it is acquiring life insurance and reinsurance firm Wilton Re alongside the Wilton Re management team.Accessing the returns of the insurance and reinsurance market as an asset class can come in many forms and pension plans are one of the read the full article →