Resolution Life announces $1bn block reinsurance transaction in Hong Kong

Written by Adam Cadle

05/06/2025

Resolution Life has entered into a $1bn reinsurance agreement with a leading life insurer in Hong Kong.

The transaction covers an in-force portfolio of participating whole life and annuity policies and transfers materially all risks associated with the guaranteed benefits of these policies from the cedant to Resolution Life, including market, policyholder behaviour and mortality risks. The cedant will continue to service and administer the policies.

This is Resolution Life’s first reinsurance transaction in Hong Kong and follows the announcement last month of a block reinsurance transaction in Japan.

“We are proud to announce a further transaction in Asia, and excited to bring our solution set to Hong Kong with a new blue-chip counterparty. We will continue to combine our global platform and regional commitment to provide leading solutions for life insurers in Hong Kong and across Asia,” Resolution Life CEO, Asia, Rushabh Ranavat, said.

Linklaters Asia, Eversheds Sutherland London and Walkers Bermuda served as legal counsel to Resolution Life in connection with this transaction.

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