Pacific Life Re announces asset intensive reinsurance deal in Japan
Written by Adam Cadle
29/05/2024
Pacific Life Re has announced an asset intensive reinsurance agreement in Japan with Tokio Marine & Nichido Life (Anshin Life).
The deal covering in-force whole of life policies will provide Anshin Life a new method to reduce long-term interest rate risk of its portfolio and will also contribute to the advancement of its asset liability management capabilities.
Phill Beach, executive vice president of savings & retirement, Pacific Life Re commented: "We’re thrilled to announce the commencement of a new partnership with Anshin Life. Supporting these types of transactions in Japan is a key part of our overall strategy. By transferring its risk to Pacific Life Re, Anshin Life can efficiently manage and optimise its product portfolio helping it to achieve its overall business objectives and provide the long-term stability needed to deliver on its promises to policyholders.”
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