Resolution Life secures new capital to finance expansion plans

Resolution Life, the long-term manager of legacy life insurance portfolios, has raised $1.6 billion in new capital to finance growth through the acquisition and reinsurance of life insurance portfolios.

Resolution Life has now secured commitments of approximately $5 billion since its launch in September 2018, from investors including financial institutions, insurance companies, pension plans, sovereign wealth funds and family offices.

In the past 12 months, Resolution Life has completed the acquisitions of AMP Life in Australasia for AUD$3 billion and Voya Financial’s $1.25 billion individual life in-force business in the US. Including its Bermuda reinsurance business, Resolution Life now manages around $60 billion of assets and provides services to approximately 2.5 million policyholders.

Clive Cowdery, Resolution’s founder and executive chairman of Resolution Life, said:

“Our scale, extensive transactional and operating expertise and our strong capital backing from high-quality investors provides insurers, regulators and policyholders with the confidence and certainty they require.”

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