Resolution Life has entered into a new UK pension risk transfer (PRT) with a leading UK insurer.
The life insurance group conduced the PRT through its Bermuda reinsurance platform, Resolution Re.
This transaction, Resolution Life’s fourth in two months following three recent deals in Asia, builds on the strong momentum established this year.
Furthermore, it transfers financial risk to Resolution Life, supporting risk diversification in the UK market.
“This transaction is the result of a strong partnership, global capabilities, and a commitment to innovation,” Rushabh Ranavat, Resolution Life CEO, Asia and Europe, commented.
“We are proud to build on our European presence and be of service to the primary life industry in the UK.”
