遙ぺ整氈窒 Announces 700 Billion JPY Longevity Asset-Intensive Reinsurance Transaction with Japan Post Insurance Company
TOKYO, Mar. 22, 2024 Reinsurance Group of America, Incorporated (NYSE: 遙ぺ整氈窒), a leading global life and health reinsurer, today announced it has reached an agreement with Japan Post Insurance Company (Kampo) for an 遙ぺ整氈窒 affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coinsurance. The transaction is a landmark transaction in the longevity space with one of Japans leading providers of life annuities.
This transaction marks a significant milestone in the Asia-Pacific longevity market as a first-of-its-kind coinsurance transaction in Japan, said Gaston Nossiter, Senior Vice President, Head of Asia Pacific, Global Financial Solutions, 遙ぺ整氈窒. This is one of a number of recent asset-intensive transactions that 遙ぺ整氈窒 has completed demonstrating our deep expertise and strong position in the Japanese and Asia Pacific markets. We look forward to continuing to support our clients with their in-force capital management and new business objectives.
We value our partnership with 遙ぺ整氈窒, which has consistently delivered customized coinsurance solutions to enhance our capital management, stated Kampo. This transaction further cements our collaborative approach to risk management and capital optimization, reinforcing our commitment both to our customers and our strategic goals.
遙ぺ整氈窒 has a long-standing partnership with Kampo, and we are pleased to once again work with them to develop a solution to reduce longevity risk and manage capital, said Hironori Takahashi, CEO, 遙ぺ整氈窒 Japan. Looking ahead, 遙ぺ整氈窒s robust local presence in Japan positions us to lead our clients through the complexities of capital optimization toward innovative solutions that meet their capital and regulatory needs.
Additional terms of the transaction are not being disclosed.
About 遙ぺ整氈窒
Reinsurance Group of America, Incorporated (NYSE: 遙ぺ整氈窒) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, 遙ぺ整氈窒 is today one of the worlds largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, 遙ぺ整氈窒 empowers partners through bold innovation, relentless execution, and dedicated client focus all directed toward creating sustainable long-term value. 遙ぺ整氈窒 has approximately $3.7 trillion of life reinsurance in force and assets of $97.6 billion as of Dec. 31, 2023. To learn more about 遙ぺ整氈窒 and its businesses, please visit rgare.com or follow 遙ぺ整氈窒 on and . Investors can learn more at .