RGA Announces 100 Billion JPY Coinsurance Transaction With Anshin Life
24 Maggio 2024 - 10:30PM
Business Wire
Reinsurance Group of America, Incorporated (NYSE: RGA), a
leading global life and health reinsurer, today announced it has
reached an agreement with Tokio Marine & Nichido Life Insurance
Co., Ltd. (Anshin Life) to reinsure an approximately 100 billion
JPY paid-up block of whole life policies through coinsurance.
“Our ongoing partnership with Anshin Life is a testament to
RGA’s strategic commitment to the Japanese market and our
understanding of its distinctive requirements,” said Gaston
Nossiter, Senior Vice President, Head of Asia Pacific, Global
Financial Solutions, RGA. “This transaction is a reflection of our
deep-rooted dedication to collaborate with insurers, addressing
capital and market risks, and affirming our readiness to support
our clients’ evolving goals with innovative and customized
financial solutions.”
“RGA’s local presence and ongoing partnership has been a key
advantage, and they provided an attractive option that addresses
our asset liability management strategies,” said Anshin Life.
“Their ability to understand Japan’s unique market conditions and
their flexible approach in responding to our specific needs have
made them an excellent reinsurance partner.”
Additional terms of the transaction are not being disclosed.
About RGA
Reinsurance Group of America, Incorporated (NYSE: RGA) 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, RGA is today one of the
world’s 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, RGA empowers
partners through bold innovation, relentless execution, and
dedicated client focus — all directed toward creating sustainable
long-term value. RGA has approximately $3.7 trillion of life
reinsurance in force and assets of $106.0 billion as of March 31,
2024. To learn more about RGA and its businesses, please visit
rgare.com or follow RGA on LinkedIn and Facebook. Investors can
learn more at investor.rgare.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240524144502/en/
Lynn Phillips Vice President, Corporate Communications
636-736-2351 lphillips@rgare.com
Lizzie Curry Executive Director, Public Relations 636-736-8521
lizzie.curry@rgare.com
Jeff Hopson Senior Vice President, Investor Relations
636-736-2068 jhopson@rgare.com
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Da Gen 2024 a Gen 2025