Globe Life Says Bermuda Reinsurance Affiliate Set up, Licensed as Bermuda Class C Insurer
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Globe Life has established and licensed Globe Life Re as a Bermuda Class C insurer to provide reinsurance support for affiliated entities within the group. Globe Life Re will engage in affiliated quota share reinsurance business, assuming a proportional share of risk on specified insurance policies. All transactions will be conducted on an arm's length basis and subject to regulatory supervision.
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