Browsing: Protective Life

AM Best has stated that the financial strength and credit ratings of Protective Life Corporation’s main life insurance subsidiaries are unaffected by the recently announced reinsurance agreement with Resolution Life Group Holdings Ltd.

Resolution Life and Protective, a US subsidiary of Dai-ichi Life Holdings, have entered into a significant reinsurance agreement covering structured settlement annuities and life insurance business.

Dai-ichi Life’s US subsidiary, Protective Life Corporation, enters a strategic reinsurance agreement with Resolution Life, driven by upcoming capital regulations.

Resolution Life has signed a reinsurance agreement with Protective Life Corporation’s insurance subsidiaries, covering $9.7 billion in reserves.

Protective Life and Resolution Life have struck a $9.7 billion reinsurance deal. Protective will offload structured settlement annuities and secondary guaranteed universal life policies to Resolution Life.