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
"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
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
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.