Debevoise & Plimpton LLP is advising Resolution Re on its reinsurance arrangement with Symetra Life Insurance Company that transfers financial responsibility for all of Symetra’s structured settlement annuity contracts and a smaller block of income annuities to Resolution Re. The reinsured block had $5.7 billion in total statutory reserves at Dec. 31, 2017.
Resolution Re is a Bermuda-domiciled reinsurance company within the Resolution Life Group, a global in-force life insurance specialist. Since 2003, Resolution entities have committed $13.6bn of equity in the acquisition, reinsurance, consolidation and management of 27 life insurance companies.
The Debevoise team is led by partner Alexander R. Cochran and includes partners Nicholas F. Potter and Peter F.G. Schuur and associates Kristen A. Matthews and Daniel Priest.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.