Resolution Re completes £2bn reinsurance deal

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class="entry-content"> <p>Resolution Re has completed its second reinsurance deal in the UK, covering the market and longevity risks of approximately 90,000 policyholders, representing around £2bn of individual in-payment UK annuity liabilities. <br /> <br /> Hymans Robertson acted as actuarial advisors on the deal, which completed at the end of 2023, while CMS served as legal counsel to Resolution Re.<br /> <br /> Resolution Re<a href="https://www.pensionsage.com/pa/Resolution-life-announces-entry-into-UK-PRT_market.php"> first announced its entry into the UK reinsurance market in October 2023, </a>with this latest deal expected to extend the group's position as a "leading global manager of in-force life insurance businesses". <br /> <br /> Commenting on the deal, Resolution Re spokesperson, Steve Hales, stated: “This transaction affirms Resolution Re’s track record of managing life and annuity portfolios while supporting insurers in meeting their long-term commitments to policyholders. <br /> <br /> “We will continue to develop our leading specialist in-force management franchise and we believe our global experience, strategic relationships and aligned business model leave us well positioned to grow.”</p> <br> <hr> <div class="sharewrap"> <div class="sharestorytext">Share Story:</div> <div class="jsiconwrap"> <a href="https://x.com/intent/tweet?text=Resolution Re completes £2bn reinsurance deal&url=https://pensionsage.com/pa/Resolution-Re-agrees-2bn-reinsurance-deal.php"> <i class="fa-brands fa-square-x-twitter" style="color:black;"></i> </a> </div> <div class="jsiconwrap"> <a href="http://www.linkedin.com/shareArticle?url=https://pensionsage.com/pa/Resolution-Re-agrees-2bn-reinsurance-deal.php"> <i class="fa-brands fa-linkedin" style="color:#3371b7;"></i> </a> </div> </div> </div> </div> </article>  <div class="comment-title title-style01"> <h3>Recent Stories</h3> </div>  <div class="article"> <div class="entry-block-small"> <div 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href="/pa/signup-new-mpu-0124" class="link-06c"></a><p class="rightsmall"><div style="padding-top:0px;"><a href="https://www.pensionsage.com/pa/signuppa.php" target="_blank"><img src="/pa/images/pa_mpu-enews_advert-012024.jpg" border="0" alt="BANNER" title="BANNER"></a></div></p></div> <div class="jswrap4"><div class="jstitle4">Closing the gender pension gap</div><div class="jswrap5"><video class="jsvideo4" poster="/pa/images/270x170_ScotWidows_PensionGap.jpg" controls="" width="100%"><source src="/pa/jwplayer/ScottishWidows_PA.mp4" type="video/mp4"><source src="/jwplayer/" type="video/ogg"> Your browser does not support HTML5 video.</video></div><div class="jswrap6"><div class="jstext4">Laura Blows discusses the gender pension gap with Scottish Widows head of workplace strategic relationships, Jill Henderson, in our latest Pensions Age video interview</div></div></div> <br> <div class="jswrap4"><div class="jstitle4">Endgames and LDI: Lessons to be learnt</div><div 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