Resolution Life Enters into Strategic Investment Partnership with J.P. Morgan Asset Management

By Business Wire,  April 24, 2014, 08:14:00 AM EDT


STAMFORD, Conn.--(BUSINESS WIRE)-- Resolution Life Holdings, Inc. ("Resolution Life"), the specialist U.S. life insurance business, today announced that it has entered into a strategic investment partnership with J.P. Morgan Asset Management.

J.P. Morgan Asset Management will provide Resolution Life with strategic support around the implementation of its multi-manager portfolio investment strategy and will help manage its $12 billion fixed income investment portfolio. Resolution Life's investment portfolio is expected to grow as additional life insurance businesses are brought onto its platform.

"After a thorough review we have selected J.P. Morgan Asset Management as a strategic investment partner given their insurance expertise and breadth of investment capabilities," said Resolution Life CEO Weldon Wilson.

The partnership represents a comprehensive investment management relationship that includes fixed income portfolio management, asset liability management and product hedging, asset allocation strategy and investment accounting and reporting support.

"We are very pleased to be working with Resolution Life and supporting its team as it builds a diversified portfolio across a range of asset classes and strategies," said Matt Malloy, Head of Global Insurance Solutions for J.P. Morgan Asset Management.

Resolution Life has established a permanent capital structure that aligns its long-term commitment to the U.S. market with the investment horizon of its institutional investors and the duration of underlying life insurance policies. The company recently closed its inaugural transaction, acquiring Lincoln Benefit Life from Allstate Life Insurance Company.

About Resolution Life

Resolution Life Holdings, Inc. is a specialist U.S. life insurance business led by a seasoned executive team with extensive life insurance experience. The company has a permanent capital structure and plans to build a lasting, sizeable and differentiated life insurance business through the acquisition and management of in-force life insurance policies. Resolution Life is a Delaware corporation which will operate across the U.S. with executive offices in Stamford, Connecticut and support offices in Chicago, Illinois and Lincoln, Nebraska. For more information on Resolution Life, please visit http://resolutionlife.com/.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $1.6 trillion, is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high-net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JPMorgan Chase & Co. (NYSE:JPM), the parent company of J.P. Morgan Asset Management, is a leading global financial services firm with assets of approximately $2.5 trillion and operations in more than 60 countries. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

Source: Resolution Life Holdings, Inc.



This article appears in: News Headlines

Referenced Stocks: JPM


Latest News Video





Most Active by Volume

Company Last Sale Change Net / %
GE $ 25.98 0.48 ▼ 1.81%
BAC $ 15.52 0.03 ▲ 0.19%
FB $ 69.40 0.98 ▲ 1.43%
EMC $ 28.33 1.35 ▲ 5.00%
AAPL $ 93.939 0.49 ▼ 0.52%
MSFT $ 44.835 0.15 ▲ 0.32%
AMD $ 3.78 0.05 ▼ 1.31%
INTC $ 34.06 0.36 ▲ 1.07%

As of 7/21/2014, 04:08 PM