Assured Guaranty Ltd. Expands into Annuity Reinsurance Market
Assured Guaranty Ltd. Expands into Annuity Reinsurance Market
HAMILTON, Bermuda—Assured Guaranty Ltd., a prominent financial guarantor, has strategically expanded its services into the annuity reinsurance sector by acquiring Warwick Re Limited, a Bermuda-based life and annuity reinsurer. Following the acquisition, the company has rebranded the entity as Assured Life Reinsurance Ltd.
Assured Life Reinsurance Ltd. will focus on providing reinsurance solutions for fixed-term annuities and pension risk transfer annuities, leveraging Assured Guaranty's established expertise in life reinsurance. With guarantees from Assured Guaranty Re Overseas Ltd., an AA-rated affiliate, the company's obligations for certain exposures are further strengthened, thus enhancing its market position in risk management.
The purchase of Warwick Re, finalized on January 21, 2026, was conducted by a subsidiary of Assured Guaranty holding company, which involved acquiring the complete balance sheet, infrastructure, personnel, along with its ultimate parent, Warwick Company (UK) Limited, and subsidiaries. The acquisition cost approximately $158 million, with provisions for post-closing adjustments to meet regulatory compliance requirements.
Warwick Re had developed a specialization in annuity reinsurance products such as U.S. multi-year guaranteed annuities (MYGA) and U.K. bulk purchase annuities (PRA), aligning with Assured Life Re's strategic focus. This acquisition facilitates Assured Guaranty's entry and growth within the annuity reinsurance industry, strengthening both its provider network and carrier partnerships.
Dominic Frederico, Assured Guaranty’s President and CEO, stated, "Assured Guaranty’s extensive experience in financial guaranty, coupled with over 20 years in the life and annuity sector, uniquely positions us to expand into the annuity reinsurance space effectively." He introduced Dan Bevill as President of Assured Life Re, highlighting Bevill's deep expertise in structured finance underwriting as a critical asset for leading this new business line.
Risks and Forward-Looking Statements
Assured Guaranty Ltd. highlights that forward-looking statements on anticipated growth and market opportunities in the annuity reinsurance field are subject to risks and uncertainties, including integration challenges, market acceptance, capital availability, and potential changes in market conditions or regulatory environments. More detailed risk factors are outlined in Assured Guaranty's SEC filings.
About Assured Guaranty Ltd.
A publicly traded company on NYSE (AGO), Assured Guaranty Ltd. is based in Bermuda and provides credit enhancement products across U.S. and international markets. It also engages in asset management and annuity reinsurance. Additional information is available at AssuredGuaranty.com.
Contact Information:
Investor Relations:
Robert Tucker, +1 212-339-0861
Senior Managing Director, Investor Relations and Corporate Communications
rtucker@agltd.com
Media Contact:
Ashweeta Durani, +1 212-408-6042
Director, Corporate Communications
adurani@agltd.com
Source: Assured Guaranty Ltd.