InEvo Re today announced the successful completion of a transaction with a UK-based life insurer. This transaction is InEvo Re’s third in nine months and further strengthens InEvo Re’s position in the UK PRT reinsurance market.

InEvo Re, a life reinsurer established by Macquarie Asset Management, is pleased to announce it has entered into a reinsurance agreement with a U.S.-based life insurer covering approximately US$1 billion of long-dated liabilities.

InEvo Re has entered into an agreement with a leading UK insurer to reinsure their PRT liabilities, including both pensions in payment and deferred pensioners.