Global Atlantic Financial Group Ltd. closed a reinsurance transaction involving The Hartford Financial Services Group Inc.'s sale of Talcott Resolution Inc. to an investor group.
It reinsured from Talcott Resolution $9 billion of fixed deferred annuities, as well as other spread-based reserves.
Global Atlantic was also part of the investor group, buying through a subsidiary approximately 9% of the entity that closed its acquisition of Talcott Resolution on May 31.
