Traditional Solutions
We reinsure the mortality risk on life insurance policies written by primary insurers. The business is often referred to as traditional life reinsurance. We write our Traditional Solutions business predominantly on an automatic basis with respect to newly written life insurance policies. This means that we automatically reinsure all policies written by a ceding company that meet the underwriting criteria specified in the treaty with the ceding company. Our direct sales force targets the top 60 life insurance companies of which we count 46 of these 60 as current customers. These companies are responsible for originating the majority of all term life insurance written in our market.
Financial Solutions
We offer reinsurance solutions that improve the financial position of our clients by increasing their capital availability and statutory surplus. Financial Solutions include contracts under which we assume the investment and persistency risks of existing, as well as newly written, blocks of business. The products reinsured include annuities and annuity-type products, cash value life insurance and, to a lesser extent, disability products that are in a pay-out phase. This line of business includes acquired solutions products in which we provide our clients with exit strategies for discontinued lines, closed blocks, or lines not providing a good fit for a client’s growth strategies. With our assuming full responsibility and management of these contracts, our clients can focus and concentrate their full efforts and resources on their core strategies.
International Solutions
Scottish Re Limited, a wholly owned subsidiary of Scottish Re Group Limited, provides reinsurance solutions designed to meet the needs of clients in a number of international markets.
Scottish Re Limited has been based in England for over 40 years. Today, we work with clients to deliver risk diversification and capital enhancing solutions in response to the ever-changing needs and priorities of our clients.
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