Pacific Life Re has announced a second asset-intensive reinsurance agreement with Tokio Marine & Nichido Life Insurance, also known as Anshin Life. The deal was confirmed yesterday and follows the success of their initial transaction in 2024.
This new agreement covers in-force whole-of-life insurance policies. It is designed to help Anshin Life reduce its long-term interest rate risk and strengthen its asset-liability management strategies.
Phill Beach, Executive Vice President of Savings and Retirement at Pacific Life Re, said, “We’re delighted to announce this second transaction with Anshin Life, reinforcing our strong partnership. Providing these types of solutions in Japan is a key part of our core business strategy. Through the transfer of Anshin Life’s risk to Pacific Life Re, their organization is able to more efficiently manage and optimise their product portfolio, helping to achieve broader business objectives.”
The transaction was supported by global professional services firms Aon and Eversheds Sutherland, who provided advisory and legal services.
This agreement highlights Pacific Life Re’s ongoing commitment to offering customized risk management solutions in Japan’s insurance market.
Related topics:
