PwC Corporate Finance advises Warwick Re on its sale to Assured Guaranty

January 2026

PwC Corporate Finance has advised the shareholders and Board of Warwick Re Ltd, a Bermuda-headquartered life reinsurer, on its sale to Assured Guaranty, a US-listed insurance company.

Warwick Re provides funded reinsurance and capital solutions to the UK and US pensions, annuities and life insurance markets. The platform partners with insurers on asset-intensive transactions including UK bulk purchase annuities and US fixed annuities. Warwick Re’s origination model and exposure to structurally expanding retirement markets have positioned it as an attractive platform. Warwick Re will become Assured Life Re, a member of the Assured Guaranty group of companies.

PwC’s UK Insurance Corporate Finance team acted as sell-side adviser to Warwick Re.

Insurance Corporate Finance Team: Hugh Man, Asim Khalid, Mark Coleman, Toby Nathan, Pierre Hagege, Trisha Chaney.

For more information, please contact Hugh Man.

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Hugh Man

Hugh Man

Partner, Insurance Corporate Finance and M&A, PwC United Kingdom

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