Talcott and Japan Post Insurance announce $3.6bn block reinsurance transaction

Written by Michael Griffiths

31/03/2025

Life insurer Talcott Financial Group has announced a block reinsurance transaction between its subsidiary, Talcott Life Re, and Japan Post Insurance.

Under the terms of the agreement, Talcott Life Re will reinsure a ¥550 billion ($3.6bn) block of in-force payout annuities.

Japan Post Insurance will continue to service and administer the policies, with the transaction to be effective from 31 March 2025.

Talcott said it would be supported by a “differentiated business model”, “highly experienced management team” and “investment-grade financial strength ratings”, It added that the transaction “further strengthens” its position as a trusted partner for comprehensive risk solutions.

“We are pleased to announce this treaty with Japan Post Insurance,” Talcott CEO, Imran Siddiqui, said.

“This is our second reinsurance transaction in Japan and further advances our international footprint. This new relationship both underscores our commitment to providing comprehensive risk solutions to the Japanese market and highlights the dedication and expertise of our team. We look forward to fostering a lasting partnership with Japan Post Insurance.”

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