Resolution Re, the reinsurance platform of long-term legacy life insurance solutions provider Resultion Life, has completed its first reinsurance agreement in the UK pension risk transfer market. The deal reinsurers longevity and asset risks associated with UK pension liabilities of an unnamed UK-regulated insurer.

In a statement, it said: “The transaction is the first of its kind for Resolution Life, which has previously signed reinsurance agreements with Lincoln National Corporation, Dai-Ichi Life, Zurich Insurance Group, Allianz Suisse and Allianz Life North America.”

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