Warwick Re Ltd. Expands Market Presence with an Annuity Reinsurance Transaction in the U.S.

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HAMILTON, Bermuda, Feb. 14, 2024 /CNW/ — Warwick Re Ltd (“Warwick Re”), a Bermuda-based reinsurance company, is pleased to announce it has completed its second transaction, an annuity reinsurance agreement with a U.S. life insurer.  Under the terms of the agreement, Warwick Re has reinsured an inforce block of U.S. annuity business and the cedant will continue to service and administer the policies.  In addition, Warwick Re has agreed to provide quota share reinsurance for future fixed annuity flow business.  The transaction is expected to increase …

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