Global Atlantic to Reinsure $9 Billion of Fixed Annuities and Other Spread Business as Part of The Hartford’s Sale of Talcott Resolution
With this deal, Global Atlantic further establishes itself as a leader in block transactions for the
Value maximization and speed of execution
The investor group acquiring Talcott Resolution was able to leverage Global Atlantic’s reinsurance experience and speed of execution. The reinsurance transaction provides significant capital and economic accretion incorporated in the purchase price to The
“Global Atlantic utilized its risk, investment and transaction expertise to help both the buyer and seller meet their stated objectives,” said
“This reinsurance transaction enhances the value and risk profile of Talcott Resolution,” said The Hartford’s Chief Financial Officer
The blocks Global Atlantic is reinsuring are fixed annuities that were distributed primarily through banks and broker-dealers, as well as other spread-based reserves that are consistent with its investment and risk management strengths, as well as its reinsurance and retail business mix.
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