News

Resolution Life announces acquisition of AMP Life in Australia and New Zealand

AMP agrees to sell wealth protection and mature businesses. Announces intention to divest via IPO New Zealand wealth management and advice businesses AMP Limited today announces the successful completion of its portfolio review including an agreement to divest its Australian and New Zealand wealth protection and mature businesses (AMP Life) and reinsure New Zealand retail…
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Symetra Completes Reinsurance Transaction with Resolution Re

BELLEVUE, Wash. — (Sept. 11, 2018) — Symetra Life Insurance Company announced today that it has entered into a reinsurance agreement with Resolution Re that transfers financial responsibility for all of Symetra’s structured settlement annuity contracts and a smaller block of income annuities to Resolution Re. The reinsured block had $5.7 billion in total statutory…
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