Protective Life to Reinsure $9.7B in Life and Annuity Reserves
March 12, 2025 by Allison Bell
Protective Life says a new reinsurance deal will free up capital it can use to make acquisitions.
The Birmingham, Alabama-based company said Thursday that it has agreed to have Resolution Life reinsure structured settlement annuities and universal life policies backed by $9.7 billion in reserves.
Protective will continue to administer the policies and contracts involved in the deal, the company says.
Wink’s Moore on the Market: Protective Life is going to reinsure $9.7B in life and annuity reserves with Resolution Life.
Resolution Life is a Bermuda-based company that was controlled by Nippon Life of Tokyo and Blackstone.
Nippon Life Benefits agreed in December to buy Blackstone‘s stake in Resolution Life.
The products affected will be structured settlement annuities and a block of guaranteed universal life policies. -sjm
