猫咪社区app Announces 700 Billion JPY Longevity Asset-Intensive Reinsurance Transaction with Japan Post Insurance Company
TOKYO, Mar. 22, 2024 鈥 Reinsurance Group of America, Incorporated (NYSE: 猫咪社区app), a leading global life and health reinsurer, today announced it has reached an agreement with Japan Post Insurance Company (Kampo) for an 猫咪社区app 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 Japan鈥檚 leading providers of life annuities.
鈥淭his transaction marks a significant milestone in the Asia-Pacific longevity market as a first-of-its-kind coinsurance transaction in Japan,鈥 said Gaston Nossiter, Senior Vice President, Head of Asia Pacific, Global Financial Solutions, 猫咪社区app. 鈥淭his is one of a number of recent asset-intensive transactions that 猫咪社区app 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.鈥
鈥淲e value our partnership with 猫咪社区app, which has consistently delivered customized coinsurance solutions to enhance our capital management,鈥 stated Kampo. 鈥淭his transaction further cements our collaborative approach to risk management and capital optimization, reinforcing our commitment both to our customers and our strategic goals.鈥
鈥溍ㄟ渖缜鴄pp 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,鈥 said Hironori Takahashi, CEO, 猫咪社区app Japan. 鈥淟ooking ahead, 猫咪社区app鈥檚 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.鈥
Additional terms of the transaction are not being disclosed.
About 猫咪社区app
Reinsurance Group of America, Incorporated (NYSE: 猫咪社区app) 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, 猫咪社区app is today one of the world鈥檚 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, 猫咪社区app empowers partners through bold innovation, relentless execution, and dedicated client focus 鈥 all directed toward creating sustainable long-term value. 猫咪社区app 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 猫咪社区app and its businesses, please visit rgare.com or follow 猫咪社区app on and . Investors can learn more at .