Resolution Life completes inaugural $500m tier 2 listed debt issuance
Written by Adam Cadle
19/07/2024
Resolution Life has successfully completed its inaugural $500m tier 2 listed debt issuance.
The notes, due 2031, qualify as tier 2 regulatory capital and have been assigned an instrument rating of Baa3 by Moody’s and BB+ by Fitch.
Resolution Life said the issuance of listed subordinated debt represents an important next step in Resolution Life’s strategic development, strengthening its capital position and accessing new source of long term capital.
Resolution Life group CFO, Simon Woods, said: “We are delighted with our successful debut Tier 2 issuance. The positive investor reception reflects the cash generative nature of our business model, our robust balance sheet and our global growth franchise. This is an important step in the evolution of the group.”
Related Articles
There are no related documents to show at this time.
A Different Approach to Direct Lending
Adam Cadle talks to HSBC Asset Management’s head of direct lending UK & Europe, Tom Green, and head of insurance business, Deepak Seeburrun, about the firm’s direct lending proposition.
Portfolio optimisation in today’s challenging market environment
Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it
Most read stories...
NZAM suspends work
PRA outlines priorities for BPA insurers in 2025
US P&C insurers achieve record investment income
EIOPA recommends Bulgaria’s FSC review its supervisory process for assessing undertakings’ solvency positions
Just Group’s illiquid asset origination increases by 40% to £2.4bn
RGA announces investment in PACT Capital
Schroders Capital announces promotion of Peter Lowe to UK real estate investment head
Geneva Association research analyses effects of ‘slowbalisation’ on insurance industry
Holophane Retirement Benefits Scheme completes £24m buy-in with PIC
Mega-transactions to 'dominate' H2 de-risking market activity
The role ETFs can play in the ESG journey for insurers
Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing
World Markets (15 minute+ time delay)
