Resolution Life, an international life insurance group specializing in reinsurance and life insurance portfolio management and acquisitions, has completed three new transactions in Asia.
The agreements, covering life insurance businesses in Hong Kong and Japan, reflect Resolution Life’s continued involvement in supporting insurers in the region and continued expansion in key Asian markets.
The company confirmed that two of the transactions were reinsurance arrangements in Hong Kong relating to participating whole life insurance policies. Through these agreements, Resolution Life assumes market, mortality and policyholder conduct risks, enabling its insurance partners to support the long-term sustainability of policyholder dividends. Responsibility for servicing and administering the policy remains with the original insurance company.
In Japan, Resolution Life has entered into a floating reinsurance treaty, extending support to life insurance providers operating across different product lines and risk categories. The company said the transaction further establishes its position in the Japanese market and highlights its ability to provide tailor-made reinsurance solutions to local insurance companies.
Resolution Life noted that the three transactions demonstrate its ability to meet the individual requirements of cedents through bespoke transaction structures. The agreements also underscore the continued confidence customers have in its expertise as the insurance industry adapts to changing market dynamics and regulatory developments, the company added.
Commenting on the transactions, Resolution Life CEO Asia and Europe Rushabh Ranavat said: “We are proud to deepen our partnerships in Asia. These transactions reflect Resolution Life’s growing market strength and our willingness to provide insurance companies with long-term, reliable reinsurance solutions.”
