Globe Life Inc. Bermuda reinsurance affiliate has been formed and licensed as a Bermuda Class C Insurer | GL Stock News
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Globe Life Inc. has formed and licensed Globe Life Re Ltd. as a Bermuda Class C Insurer to provide reinsurance support for its affiliate entities. The company will write affiliated quota share reinsurance business, assuming a proportional share of risk on specified insurance policies. The first reinsurance transaction has been executed according to the business plan. Globe Life, headquartered in McKinney, TX, is a leading life insurance provider with over 17 million policies in force.
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