Warwick Re Ltd. Announces First Reinsurance Transaction



HAMILTON, Bermuda, Feb. 7, 2024 /PRNewswire/ — Warwick Re Ltd (“Warwick Re”), a Bermuda-based reinsurance company, is pleased to announce the closing of a quota share reinsurance agreement to support Just Group plc (“Just”), a leading UK BPA insurer, for a circa. $500 million transaction completed in December 2023.

This is an inaugural transaction for Warwick Re, a provider of innovative reinsurance solutions to cedants in the life insurance, annuity and pension sectors through both in-force and flow agreements.  “We are delighted to offer our significant reinsurance and asset management capabilities to further support Just’s BPA business” said Chris McGlashan, founder and CEO of Warwick Re.  “Our innovative, collateralized structures address a growing need …

Full story available on Benzinga.com


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