11/03/2026 | News release | Distributed by Public on 11/03/2026 12:42
November 3, 2026
Willkie advised Symetra Life Insurance Company, a leading provider of life, retirement and employee benefit insurance products, on the launch, together with Teachers Insurance and Annuity Association of America (TIAA), of Mariner Re Ltd., a Class E licensed reinsurer domiciled in Bermuda.
Mariner Re will be supported by a $750 million equity investment from TIAA. Mariner Re will provide committed growth capital to support Symetra's annuity business through a flow reinsurance arrangement, effective Oct. 1, 2026. Symetra Investment Management Company and Nuveen, the global asset management firm wholly owned by TIAA, will serve as Mariner Re's investment managers.
Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation, a diversified financial services company based in Bellevue, Washington. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent financial professionals and insurance producers.
The Willkie team was led by partners David Luce, Gongjin (Chloe) Wang, Mark Vandehaar and Thomas Spencer.