New Bermuda Reinsurer Jumps Into Annuity Game
August 6, 2019 by Allison Bell
A new, Bermuda-based reinsurer, 777 Re Ltd. , says it has completed its first reinsurance transaction.
The reinsurer will reinsure a $307 million annuity block for a “U.S.-based insurance company,” 777 Re said.
The company that wrote the annuities will continue to service and administer the annuities, 777 Re said.
The reinsurer declined to provide any more details about the deal.
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Originally Posted at ThinkAdvisor on August 6, 2019 by Allison Bell.
Categories: Industry Articles