-+ 0.00%
-+ 0.00%
-+ 0.00%

Assured Guaranty Acquires Bermuda-Based Life And Annuity Reinsurer Warwick Re For ~$158M; Renames It To Assured Life Reinsurance Ltd

Benzinga·01/21/2026 21:25:47
Listen to the news

Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty), the leading financial guarantor, today announced its entry into the annuity reinsurance market through the acquisition of Warwick Re Limited (Warwick Re), a Bermuda-based life and annuity reinsurer. Assured Guaranty has renamed the acquired entity Assured Life Reinsurance Ltd. (Assured Life Re).

Assured Life Re will focus on reinsuring fixed-term annuities and pension risk transfer annuities, leveraging Assured Guaranty's established expertise in life reinsurance and its asset management capabilities. Assured Guaranty expects that, for certain of Assured Life Re's reinsurance exposure, Assured Life Re's obligations to the ceding life and annuity insurers will be covered by a guaranty issued by Assured Guaranty Re Overseas Ltd., its AA-rated affiliate, an innovation that enables it to stand out from other life and annuity reinsurers.

The acquisition of Warwick Re, which closed on January 21, 2026, was effectuated by a holding company subsidiary of AGL, and included Warwick Re's balance sheet, infrastructure and staff, as well as its ultimate parent, Warwick Company (UK) Limited (Warwick Holdings), and Warwick Holdings' subsidiaries. The purchase price was approximately $158 million, subject to post-closing adjustments.