About Resolution Life
Resolution Life is a specialist U.S. life insurance company. Our mission is to build a substantial, diversified and lasting life insurance company. Our focus is providing excellent policyholder service and delivering sustainable financial results within a well-controlled risk framework.
At Resolution Life, we will grow our business through the acquisition and management of in-force portfolios. We aim to be a leader in resolving significant over-capacity in the highly mature U.S. life insurance market, acquiring life insurers’ non-core businesses.
We have established a permanent capital structure backed by leading institutional investors that supports our view of the market and appropriately aligns our business with the duration of our underlying life insurance policies. With our team of highly experienced industry professionals, Resolution Life is focused on delivering high-quality customer service and building enduring relationships with our policyholders.
Resolution Life is sponsored by The Resolution Group, which previously built two insurance businesses that served as trusted partners to insurance companies in the U.K. Over the past decade, these businesses consolidated a substantial share of the U.K. market through the acquisition of 25 life insurers, comprising over 10 million policyholders and $200 billion of policy assets.
Lincoln Benefit Life
In July 2013, Resolution Life announced its inaugural transaction with an agreement to acquire Lincoln Benefit Life Company (“LBL”) from Allstate Life Insurance Company for approximately $600 million. Domiciled in Nebraska, LBL comprises approximately 350,000 policyholders and $13 billion of policy assets. The transaction was approved by the Nebraska Department of Insurance and closed on April 1. If you are seeking more information on LBL and/or the pending transaction, please visit the page Lincoln Benefit Life.
Senior Leadership Team
Clive Cowdery – Chairman Resolution Life
Clive is Founder of The Resolution Group, a financial services investor that has specialized primarily in sponsoring insurance vehicles. Clive was previously the Chairman of Resolution plc, which was acquired by Pearl Group in 2008, before which he was Chief Executive of Resolution Life Group which was founded in 2003. From 1998-2003, Clive was Chairman and Chief Executive of General Electric Insurance Holdings, with operations in 12 countries across Europe.
Clive is Chairman of Resolution Life, a U.S. insurance vehicle. Clive is also Founder and Chairman of the Resolution Foundation, an independent research and policy organization. Clive is majority owner and a director of Prospect Publishing Limited.
W. Weldon Wilson – Chief Executive Officer
Weldon is Chief Executive Officer of Resolution Life. Prior to joining Resolution Life, he served as an Executive Board member of the Swiss Re Group and was responsible for Admin Re ® in the U.S. and U.K. Prior to Swiss Re, Weldon was General Counsel of Life Re Corporation, which was acquired by Swiss Re in 1998. He started his career as an attorney for two private law firms in Texas, representing the life insurance industry.
Keith Gubbay – President and Chief Actuarial Officer
Keith is President and Chief Actuary of Resolution Life. In this role, he has the lead role of pricing of transactions, together with oversight of the actuarial and risk management functions. Prior to joining Resolution Life, he held a number of senior roles, both global and U.S.-based, for Sun Life Financial. Prior to Sun Life, Keith held various senior roles at ING Americas and Whitehall Financial. He started his career at Tillinghast/Towers Watson.
Robyn Wyatt – Chief Financial Officer
Robyn is Chief Financial Officer at Resolution Life. Prior to joining Resolution Life, Robyn was a Managing Director, Finance at Swiss Re where she held a number of senior positions including Chief Financial Officer of global Life & Health, Financial Services and Life & Health North America. Prior to Swiss Re, Robyn served as Vice President and Chief Accountant at Manulife Financial Corporation. She started her career at KPMG where she held a number of positions as an auditor, adviser and consultant to insurance and reinsurance companies.
Simon Packer – Chief Transformation and Operations Officer
At Resolution Life, Simon is responsible for all operational aspects of the separation and integration of businesses as well as Customer Services and IT operations.
Simon has partnered with The Resolution Group since 2006 and brings extensive experience to the acquisition and integration phases of purchased life insurance businesses. Prior to his work with The Resolution Group, Simon spent his career in the U.K. life insurance industry, delivering strategic and transformational initiatives.
Karl Chappell – Managing Director, Investments
Karl is Head of Investments at Resolution Life, and has responsibility for building out and integrating the acquired investments of the US Group. Prior to joining Resolution Life, Karl was Head of Capital Management and ALM at The Resolution Group in the UK, and a Director in Fixed Income, Currencies and Commodities at UBS. Prior to UBS, Karl advised financial services companies in Europe, the US, Asia and Africa as a senior member of the Insurance Team at Oliver Wyman. Karl started his career at KPMG and is a qualified actuary.
Leigh McKegney – Chief Legal Officer
Leigh is Chief Legal Officer at Resolution Life. Prior to joining Resolution Life, Leigh was a corporate associate at the New York-based law firm, Debevoise & Plimpton LLP. During her time at Debevoise, Leigh was a member of the firm’s Mergers & Acquisitions and Financial Institutions groups.