Resolution Re Enters Into A Reinsurance Agreement With Dai-Ichi Life
HAMILTON, BERMUDA, June 22 (Bernama) -- Resolution Life, the long-term legacy life insurance solutions provider, announces that its Bermudian reinsurance platform, Resolution Re, has entered into a reinsurance agreement with The Dai-Ichi Life Insurance Company, Limited (“Dai-Ichi Life”) that transfers a closed book of whole of life policies with JPY150bn (~US$1.5bn) in total liabilities. The agreement relates to coverage for market risks and insurance risks.
Dai-Ichi Life will continue to service the reinsured business, while Resolution Re and Dai-Ichi Life will work together to successfully manage the reinsured policies for the benefit of policyholders.
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