March 7, 2025
Willkie is advising Protective Life Corporation, a US subsidiary of Dai-ichi Life Holdings, Inc., on its strategic reinsurance agreement with Resolution Life, a global life insurance group.
On March 6, Protective Life Corporation announced it signed a strategic reinsurance agreement with Resolution Life, through which Protective will cede approximately $9.7 billion in reserves to Resolution Life.
Under the terms of the agreement, Protective’s operating subsidiaries, Protective Life Insurance Company and West Coast Life Insurance Company, will cede in-scope blocks of structured settlement annuities and secondary guaranteed universal life policies currently in runoff to Resolution Life.
Protective offers life insurance, annuity, asset protection and employee benefits solutions to nearly 17 million customers.
The Willkie team was led by partners Alexander Dye, Michael Stern, Sarah Wong and David Luce.
On March 6, Protective Life Corporation announced it signed a strategic reinsurance agreement with Resolution Life, through which Protective will cede approximately $9.7 billion in reserves to Resolution Life.
Under the terms of the agreement, Protective’s operating subsidiaries, Protective Life Insurance Company and West Coast Life Insurance Company, will cede in-scope blocks of structured settlement annuities and secondary guaranteed universal life policies currently in runoff to Resolution Life.
Protective offers life insurance, annuity, asset protection and employee benefits solutions to nearly 17 million customers.
The Willkie team was led by partners Alexander Dye, Michael Stern, Sarah Wong and David Luce.
