“This transaction strengthens Symetra’s hazard-based totally capital and lengthy-term financial position as we continue to be centered on growing our primary enterprise traces,” stated Margaret Meister, president and chief govt officer, Symetra Financial. “Importantly, making sure a unbroken transition for our affected clients has been a key intention for us, and we’re very thrilled that they may preserve to obtain the identical brilliant provider from our exceedingly skilled Symetra group.”
Wells Fargo Securities is appearing as financial consultant and Eversheds Sutherland (US) LLP is appearing as prison marketing consultant to Symetra. Debevoise & Plimpton LLP is performing as criminal marketing consultant to Resolution Re.
About Symetra
Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a different monetary services company primarily based in Bellevue, Washington. In business on account that 1957, Symetra provides employee advantages, annuities and existence insurance thru a national network of benefit consultants, monetary institutions, and independent dealers and advisors. For extra statistics, visit www.Symetra.Com.
About Resolution Re
Resolution Re is the Bermuda-domiciled reinsurance agency in the Resolution Life Group, a global in-force existence coverage expert. Since 2003, Resolution entities have committed $thirteen.6bn of fairness in the acquisition, reinsurance, consolidation and control of 27 life coverage businesses. Together, those organizations have served the wishes of round 10 million policyholders while dealing with over $300bn of assets