Resolution Life, an international life insurance group focused on reinsurance and the management and acquisition of life insurance portfolios, has completed three new transactions across Asia.
The agreements, which involve life insurance business in Hong Kong and Japan, reflect Resolution Life’s ongoing involvement in supporting insurers across the region and its continued expansion within key Asian markets.
The company confirmed that two of the transactions are reinsurance arrangements in Hong Kong relating to participating whole-of-life policies. Through these agreements, Resolution Life assumes market, mortality and policyholder behaviour risks, enabling its insurer partners to support the long-term sustainability of policyholder dividends. Responsibility for servicing and administering the policies will remain with the original insurers.
In Japan, Resolution Life has entered into a flow reinsurance treaty that broadens its support for life insurance providers operating across different product lines and risk categories. The company said the transaction further establishes its presence in the Japanese market while highlighting its capability to provide tailored reinsurance solutions to local insurers.
Resolution Life noted that the three transactions demonstrate its ability to meet the individual requirements of cedents through customised deal structures. The company added that the agreements also underline the confidence clients continue to place in its expertise as the insurance sector adapts to changing market dynamics and regulatory developments.
Commenting on the transactions, Rushabh Ranavat, CEO, Asia and Europe at Resolution Life, said: “We are proud to deepen our partnerships in Asia. These transactions reflect Resolution Life’s growing market strength and our readiness to support insurers with long term, reliable reinsurance solutions.”
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