RGA announces 700bn JPY longevity asset-intensive reinsurance deal with Japan Post
Written by Adam Cadle
22/03/2024
Reinsurance Group of America (RGA) has reached an agreement with Japan Post Insurance Company for an RGA affiliate to reinsure an approximately JPY 700bn in-force block of individual life annuities through coinsurance.
RGA senior vice president, head of Asia Pacific, global financial solutions, Gaston Nossiter, said the transaction “marks a significant milestone in the Asia-Pacific longevity market as a first-of-its-kind coinsurance transaction in Japan”.
“This is one of a number of recent asset-intensive transactions that RGA has completed demonstrating our deep expertise and strong position in the Japanese and Asia Pacific markets,” he added.
“We look forward to continuing to support our clients with their in-force capital management and new business objectives.”
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