News777 Re Announces First Transaction

August 1, 2019by partners_admin
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HAMILTON, Bermuda–(BUSINESS WIRE)–777 Re Ltd (“777 Re”), a newly formed Bermuda-based reinsurance company, has announced the completion of a $307 million annuity block reinsurance transaction with a US-based insurance company.

About 777 Re

777 Re was founded in 2019 with capital led by 777 Partners. Headquartered in Hamilton, Bermuda, 777 Re acquires both active and run-off blocks of life insurance and annuity business underwritten by global insurance companies. For more information on 777 Re, visit https://777re.com.

For more information, see the full press release: https://www.businesswire.com/news/home/20190801005773/en/777-Announces-Reinsurance-Transaction