Resolution Life announces $9.7bn strategic reinsurance agreement with Protective Life

Written by Adam Cadle

07/03/2025

Resolution Life has announced the signing of a $9.7bn reinsurance transaction with Protective Life Corporation’s (Protective) insurance subsidiaries.

Protective is a US subsidiary of Tokyo-based Dai-ichi Life Holdings, and the transaction scope
includes blocks of in-force structured settlement annuities and secondary guarantee universal life business.

The transaction will extend Resolution Life’s position as a leading global manager of in-force life insurance to c.$100 billion of general account life and annuity reserves and over four million policies in-force.

This comes on the back of strong momentum for Resolution Life with the recent announcement of the acquisition of Resolution Life by Nippon Life to assist in Resolution Life’s next phase of growth.

Warren Balakrishnan, CEO, US said: “This strategic transaction with Protective showcases our ability to manage complex life and annuity products at scale. Our substantial capital strength and proven execution record provide a strong, long-term partner for Protective Life and its policyholders. This transaction is a great example of our reinsurance offering to the US life and annuity market.”

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