Resolution Life sets up rep office in Singapore

The firm plans to use this as a launching pad into Asian markets.

Resolution Life Group Holdings L.P has announced the formation of a Representative Office in Singapore following approval from the Monetary Authority of Singapore.

Resolution Life provides solutions to life insurers, allowing them to free up the capital, cost and time devoted to legacy, non-core portfolios, via both acquisitions and reinsurance.

The group said the formation of the Representative Office is its first step to establish itself in Asia’s life insurance industry.

The New Markets team establishing Resolution Life’s presence in Singapore include Kirstin Rankin, Asia COO and Chief Representative, who relocated to Singapore from London where she was Group General Counsel and Yan Sun, who has joined as Head of Solutions for the region. Rushabh Ranavat is leading Resolution’s overall expansion into the region as Managing Director, Asia.

“Our global experience, regional strategic relationships and aligned business model provide a strong foundation for our Asian business. We look forward to building on this foundation in a manner tailored to the region, through partnerships with insurers, regulators and policyholders,” Nardeep Sangha, CEO of Resolution Life New Markets said.

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