11 December 2020News

777 Re completes two transactions with US insurers

777 Re, a Bermuda-based reinsurance company, has completed two reinsurance transactions with US based insurance companies.

The direct writers will continue to service and administer the policies. The transactions will cover a quota share of newly written fixed index annuity policies. Additional terms of the transactions are not being disclosed.

Will Rinehimer, chief executive officer of 777 Re, said: “With these most recent transactions, 777 Re is demonstrating our intended flexibility to support both in force and flow business across various product types.”