Lincoln Benefit

Lincoln Benefit Life Company began as a mid-20th-century U.S. life insurer and later became a well-known writer of term and universal life sold through independent distribution.[1] As the life industry consolidated, the company's book changed hands as part of broader strategic shifts by large financial groups seeking to redeploy capital.[2]

A pivotal ownership change occurred in the 2010s, when Allstate agreed to sell Lincoln Benefit Life to Resolution Life-part of a wave of transactions where specialist runoff managers acquired mature life and annuity blocks to manage them for the long term.[2] In the late 2010s, Lincoln Benefit Life was acquired by Kuvare, which positioned the company within its life and annuity platform and emphasized operating and servicing long-duration liabilities.[3]

This "runoff plus optimization" model is closely tied to economic reality. Low interest rates after the financial crisis raised the cost of maintaining legacy guarantees, making it attractive for diversified insurers to exit and for specialist owners to apply focused asset-liability management, expense control, and selective reinsurance to stabilize results.[2][3] For customers, the practical promise is continuity-policy terms remain in force-while the new owner invests in administration and risk management to keep obligations funded through changing markets.[2]

Sources: [1] https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&event=companyProfile&naic=65595 ; [2] https://www.prnewswire.com/news-releases/allstate-to-sell-allstate-life-insurance-company-to-resolution-life-231930531.html ; [3] https://www.kuvare.com/press/kuvare-acquires-lincoln-benefit-life-2019/