Assured Guaranty Enters Annuity Reinsurance Market with New Acquisition
Assured Guaranty Ltd.’s Strategic Expansion into Annuity Reinsurance with Assured Life Reinsurance Ltd.
Hamilton, Bermuda – Assured Guaranty Ltd. has officially entered the annuity reinsurance sector by acquiring Warwick Re Limited, a life and annuity reinsurer based in Bermuda. The newly acquired entity will now operate as Assured Life Reinsurance Ltd. This strategic move positions Assured Guaranty to reassert its influence in the competitive annuity market, expanding its industry presence.
Focus on Annuity Reinsurance and Risk Management
Assured Life Re is set to concentrate on the reinsurance of fixed-term annuities and pension risk transfer annuities. Leveraging its expertise in life reinsurance and asset management, Assured Guaranty aims to optimize these services. For specific risks, Assured Life Re’s liabilities to ceding insurers will be reinforced by guarantees from Assured Guaranty Re Overseas Ltd., enhancing regulatory compliance requirements and offering a competitive edge in risk management.
Details of the Acquisition and Strategic Vision
The acquisition was finalized by an Assured Guaranty holding company subsidiary on January 21, 2026. It included the full operations of Warwick Re, encompassing infrastructure, personnel, and its parent company, Warwick Holdings UK Limited, at a transaction value of approximately $158 million. This acquisition supports Assured Guaranty’s continued expansion in underwriting and claims management for the annuity reinsurance sector.
Warwick Re, previously noted for its specialization in U.S. multi-year guaranteed annuities and U.K. bulk purchase annuities, will drive growth opportunities under Assured Life Re’s management. Dominic Frederico, President and CEO of Assured Guaranty, underscored the corporation's robust background in financial guaranty and life insurance sectors, aiming for immediate gains in the annuity market.
Leadership and Forward-Looking Statements
With Dan Bevill as President, bringing over two decades of experience from Assured Guaranty, Assured Life Re will navigate this new venture. Bevill's background in structured finance underwriting and insurance securitizations is expected to guide the company’s success. The acquisition involved advisory from Insurance Advisory Partners LLC, with legal counsel from Debevoise & Plimpton LLP and Conyers Dill and Pearman Limited.
Assured Guaranty has issued forward-looking statements, aligned with the Private Securities Litigation Reform Act of 1995. These statements outline potential risks related to integrating new businesses and navigating the dynamic annuity reinsurance landscape. Stakeholders should consider these factors, as outcomes may differ from projections.
Company Overview
Assured Guaranty Ltd., a major player in credit enhancement, operates through subsidiaries in U.S. and international finance markets. It maintains interests in asset management via stakes in Sound Point Capital Management, LP, and actively engages in annuity reinsurance through Assured Life Reinsurance Ltd. Detailed company information is available at AssuredGuaranty.com.
For further inquiries, contact:
- Investor Relations: Robert Tucker, +1 212-339-0861, Investor Relations and Corporate Communications, [email protected]
- Media Inquiries: Ashweeta Durani, +1 212-408-6042, Corporate Communications, [email protected]
Source: Assured Guaranty Ltd.