Resolution Life Holdings, a US-based life insurance business, has signed a strategic investment partnership with JP Morgan Asset Management (JPMAM).
Under the partnership, JPMAM will offer Resolution Life with strategic support for the implementation of its multi-manager portfolio investment strategy.
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In addition, JPMAM will also manage Resolution Life’s US$12 billion fixed income investment portfolio.
The deal covers a complete investment management relationship that includes fixed income portfolio management, asset liability management and product hedging, asset allocation strategy and investment accounting and reporting support.
Weldon Wilson, CEO of Resolution Life, said: "After a thorough review we have selected J.P. Morgan Asset Management as a strategic investment partner given their insurance expertise and breadth of investment capabilities."
Matt Malloy, head of global insurance solutions JPMAM said: "We are very pleased to be working with Resolution Life and supporting its team as it builds a diversified portfolio across a range of asset classes and strategies."
