Resolution Life Announcement
RLGH FINANCE BERMUDA LTD
Statement regarding Resolution Life
For Immediate
Release
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION
10 December
2024
Hamilton,
Bermuda
The Board of RLGH Finance Bermuda
Ltd (the "Company")
announces that Resolution Life, a global life insurance group
focusing on the acquisition and ongoing management of portfolios of
life insurance policies, notes the recent media speculation
regarding its acquisition by Nippon Life. Resolution Life
confirms that it is in final stages of discussions with
Nippon Life regarding such
a potential acquisition, which has not been concluded. There can be
no certainty, that any transaction will proceed and the Company
will make further announcements when appropriate.
The person responsible for arranging
the release of this announcement on behalf of the Company is Claire
Singleton.
About Resolution Life
Resolution Life is a global life
insurance group focusing on the acquisition and management of
portfolios of life insurance policies. Since 2003 to date, prior
Resolution entities together with Resolution Life have deployed
approximately $19 billion of equity in the acquisition,
reinsurance, consolidation and management of life insurance
companies. Together, these companies have served the needs of
over 13 million policyholders while managing approximately $385
billion of assets. Resolution Life today has operations in Bermuda,
the U.K., the U.S., Australia, New Zealand and Singapore assisting
the restructuring of the primary life insurance industry globally.
Resolution Life provides a safe and reliable partner for insurers
by:
· Primarily focusing on existing customers, with selective new
business growth in strategic markets
· Delivering policyholder benefits in a secure, well capitalised
environment
· Returning capital to our institutional investors in the form
of a steady dividend yield
www.resolutionlife.com
This announcement may include statements that are, or may be
deemed to be, forward-looking statements. The words "expect",
"anticipate", "believe", "intend", "plan", "estimate", "aim",
"forecast", "project", "indicate", "should", "may", "will" and
similar expressions may identify forward-looking statements. Any
statements in this presentation regarding the Company's current
intentions, beliefs or expectations concerning, among other things,
the Company's operating performance, financial condition, market
position, liquidity, prospects, growth, strategies, general
economic conditions and the industry in which the Company operates,
are forward-looking statements and are based on numerous
assumptions regarding the Company's present and future business
strategies and the environment in which the Company will operate in
the future. Forward-looking statements involve inherent known and
unknown risks, uncertainties and contingencies because they relate
to events and depend on circumstances that may or may not occur in
the future and that may cause the actual results, performance or
achievements of the Company to differ significantly, positively or
negatively, from those expressed or implied by such forward-looking
statements. Many of these risks and uncertainties relate to factors
that are beyond the Company's ability to control or estimate
precisely, such as future market conditions, currency fluctuations,
the behaviour of other market participants, the actions of
regulators and other factors such as the Company's ability to
continue to obtain financing to meet its liquidity needs, changes
in the political, social and regulatory framework in which the
Company operates or in economic or technological trends or
conditions. Past performance should not be taken as an indication
or guarantee of future results, and no representation or warranty,
express or implied, is made regarding future performance or the
achievement or reasonableness of any forward-looking statements. As
a result, recipients of this presentation should not rely on
forward-looking statements due to the inherent uncertainty therein
and which speak only as of the date of this presentation. The
Company undertakes no obligation to publicly release the results of
any revisions to any forward-looking statements in this
presentation that may occur due to any change in its expectations
or to reflect events or circumstances after the date of this
presentation. No statement in this presentation is intended to be,
nor should be construed as, a profit forecast or a profit estimate
and no statement in this presentation should be interpreted to mean
that earnings of the Company for the current or any future
financial periods would necessarily match, exceed or be lower than
any historical earnings published by the Company.
