Annuity and Life Re (Holdings), Ltd. provides annuity and life reinsurance to select insurers and reinsurers through its wholly owned subsidiaries, Annuity and Life Reassurance, Ltd. and Annuity and Life Re America, Inc. Annuity and Life Reassurance is licensed under the insurance laws of Bermuda as a long term insurer. Annuity and Life Re America, Inc. is an insurance holding company based in the United States. It has a subsidiary, Annuity and Life Reassurance America, Inc., a life insurance company that is authorized to conduct business in over 40 states of the United States and the District of Columbia. The Companys life reinsurance segment is engaged in the reinsurance of ordinary life insurance, primarily for mortality risks. Its annuity reinsurance segment is engaged in the reinsurance of general account fixed deferred annuities, general account payout annuity obligations and certain ancillary risks arising from variable annuities.