Resolution Life

Resolution Life is a global life and annuity insurance consolidation company that specializes in acquiring and managing portfolios of in-force life insurance policies. The company was founded in 2003 by Sir Clive Cowdery, who serves as the Executive Chairman. Cowdery is a chartered accountant who previously founded and led Resolution plc, which became the UK's largest manager of in-force life funds before being acquired by Pearl Group in 2008. This background provided the foundation for the current Resolution Life, which was established to apply this successful model on a global scale.

The firm's business model centers on acquiring mature life insurance and annuity portfolios from primary insurers who are looking to release capital and focus on new business. By taking over these 'in-force' or 'run-off' blocks, Resolution Life assumes the responsibility of managing the policies and paying out claims to policyholders. This strategy allows the original insurers to improve their financial standing and strategic focus, while Resolution Life leverages its scale and specialized management expertise to administer these policies efficiently. The company serves millions of policyholders across different regions, ensuring their long-term financial security.

Resolution Life operates through various regional platforms, including in the United States, Bermuda, the UK, Australia, and New Zealand, with a significant presence in key insurance markets. The company is backed by a consortium of leading financial institutions, pension funds, and sovereign wealth funds, which have committed billions in capital to support its acquisition strategy. Since its establishment, Resolution Life has completed numerous large-scale transactions, acquiring portfolios from major insurers like AMP, Voya Financial, and Lincoln National Corporation, growing its assets under management significantly.

Keywords: life insurance, annuity consolidation, in-force policies, run-off management, asset management, financial services, insurance acquisition, policy administration, risk management, global insurance