Globe Life (GL) said Wednesday that Globe Life Re has been set up and licensed as a Bermuda Class C insurer to offer reinsurance support for insurance business written by affiliated entities within the group.
Globe Life Re will write affiliated quota share reinsurance business, assuming a proportional share of risk on specified insurance policies, Globe Life said.
All deals will be conducted on an arm's length basis and will be subject to regulatory supervision, the company added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments