Resolution Life completes capital raise

Resolution Life Group Holdings has completed its most recent capital raise, securing commitments of over $$3 billion since September 2018.

The capital raised will be deployed for acquisitions of companies or for reinsurance.

Clive Cowdery, executive chairman of Resolution Life, said: “Resolution Life will continue to grow and release trapped capital and stranded costs for life insurers across a number of markets.”

Resolution Life’s investors include insurance companies, pension plans, sovereign wealth funds and family offices. Since its formation in 2018 Resolution Life has completed a $5.7 billion reinsurance transaction with Symetra Life Insurance, and agreed the acquisition of AMP Life in Australia in a transaction valued at A$3 billion.