Resolution Life partners with J.P. Morgan

Resolution Life, the specialist US life insurance business, has entered into a strategic investment partnership with J.P. Morgan Asset Management.

J.P. Morgan will provide Resolution Life with strategic support around the implementation of its multi-manager portfolio investment strategy and will help manage its $12 billion fixed income investment portfolio.

Resolution Life expects its investment portfolio to grow as additional life insurance businesses are brought onto its platform.

The partnership represents a comprehensive investment management relationship that includes fixed income portfolio management, asset liability management and product hedging, asset allocation strategy and investment accounting and reporting support.

Resolution Life has established a permanent capital structure that aligns its long-term commitment to the US market with the investment horizon of its institutional investors and the duration of underlying life insurance policies.

The company recently closed its inaugural transaction, acquiring Lincoln Benefit Life from Allstate Life Insurance Company.

Weldon Wilson, Resolution Life chief executive officer, said: “After a thorough review we have selected J.P. Morgan Asset Management as a strategic investment partner given their insurance expertise and breadth of investment capabilities.”

Matt Malloy, head of global insurance solutions for J.P. Morgan, said: “We are very pleased to be working with Resolution Life and supporting its team as it builds a diversified portfolio across a range of asset classes and strategies.”