Resolution Re’s Reinsurance Agreement With Allianz Suisse

In UK Herbert Smith Freehills, advised on the matter.

Herbert Smith Freehills advised Resolution Life Group with a team including Geoffrey Maddock (Picture – Insurance), Kristen Roberts (Insurance), Howard Murray (Tax Finance).

Lenz & Staehelin advised Resolution Life Group, Resolution Re with a team including

The products in the portfolio have a reserve volume of around CHF 4 billion.
Resolution Life is a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies. Since 2003 to date, prior Resolution entities together with Resolution Life have deployed c.US$16bn of equity in the acquisition, reinsurance, consolidation and management of life insurance companies. Together, these companies have served the needs of c.12.6m policyholders while managing over US$357bn of assets. Resolution Life has operations in Bermuda, the UK, the US, Australia and New Zealand, and has raised almost US$5bn of equity to partner in assisting the restructuring of the primary life insurance industry globally.

Resolution Re is a Class E, Bermuda Monetary Authority regulated reinsurer licensed in 2018 and holds an Insurance Financial Strength Rating of A3 from Moody’s. It provides the primary life insurance sector with reinsurance solutions for de-risking legacy life insurance portfolios in mature markets across the world.

Working closely with Senior Legal Counsel Caroline Rollestone-Brown, who led the legal team at Resolution Life, the Herbert Smith Freehills team was led by corporate insurance partner Geoffrey Maddock (Picture). The team included finance partner Kristen Roberts and of counsel Soumya Rao, corporate insurance senior associate Robin Morris, and tax partner Howard Murray and associate David Alexander.

The Lenz & Staehelin team  was led by partner Lukas Morscher and included counsel Roland Fischer (Banking and Finance), counsel Stephan Brandner (Tax) and associate Leo Rusterholz (Insurance and Reinsurance).

Involved fees earner: David Alexander – Herbert Smith Freehills; Geoffrey Maddock – Herbert Smith Freehills; Robin Morris – Herbert Smith Freehills; Howard Murray – Herbert Smith Freehills; Soumya Rao – Herbert Smith Freehills; Kristen Roberts – Herbert Smith Freehills; Stephan Brandner – Lenz & Staehelin; Roland Fischer – Lenz & Staehelin; Lukas Morscher – Lenz & Staehelin; Leo Rusterholz – Lenz & Staehelin;

Law Firms: Herbert Smith Freehills; Lenz & Staehelin;

Clients: Resolution Life Group; Resolution Re;

Author: Giulia Di Palma