Globe Life Inc. Expands Operations with New Bermuda Reinsurance Affiliate
Introduction
Globe Life Inc., a well-known player in the life and supplemental health insurance market in the United States, has taken a significant step forward by establishing a reinsurance affiliate in Bermuda. This move, officially announced on December 23, 2025, positions Globe Life to enhance its insurance support strategies and expand its operational capabilities globally.
New Structure Overview
The newly formed company, Globe Life Re Ltd., has received its licensing as a Bermuda Class C Insurer. This designation allows it to provide reinsurance support specifically for insurance products written by the various subsidiaries within the Globe Life Inc. group. This strategic maneuver is aimed at bolstering their existing insurance offerings while effectively managing risk.
Functionality of Globe Life Re Ltd.
As part of its operational framework, Globe Life Re Ltd. will engage in quota share reinsurance business. This means that it will assume a proportional share of risk associated with specific insurance policies from its affiliates. Importantly, all transactions related to this arrangement will adhere to strict arm's length standards, ensuring that all practices meet stringent regulatory expectations.
The initiation of Globe Life Re Ltd. signifies the company's understanding of the dynamic nature of the insurance landscape, seeking to create a more stable environment for its stakeholders. Within its business model, Globe Life Re Ltd. has already executed its first reinsurance transaction, demonstrating operational readiness and strategic foresight.
About Globe Life Inc.
Headquartered in McKinney, Texas, Globe Life Inc. operates as a holding company with a diverse portfolio of insurance subsidiaries. With over 16,000 agents and a workforce of approximately 3,600 employees, it serves over 17 million policyholders across the nation. The company's impressive reach and commitment to expanding their life insurance services solidifies its standing as a market leader.
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