Protective Life cedes $9.7 billion in reserves to Resolution Life

Protective Life has entered a $9.7 billion reinsurance agreement with Resolution Life , offloading structured settlement annuities and secondary guaranteed universal life policies currently in runoff.

Protective will retain policy administration, ensuring customer continuity while reducing market risk and unlocking capital for growth.

Resolution Life, backed by $390 billion in managed assets, will assume the liabilities.