Reinsurance Group of America (RGA) has reached an agreement with Dai-ichi Life for an RGA subsidiary to reinsure JPY150bn ($1.05bn) of statutory reserves through coinsurance.
RGA, a worldwide leader in reinsurance, pioneered asset-intensive solutions as financial optimisation tools. Since executing its first such transaction in Asia in 1996, RGA has successfully implemented numerous coinsurance deals across the APAC region, delivering lasting value to clients and consumers across diverse markets. The effective date of the transaction with Dai-ichi is 31 March, 2025.
RGA senior vice president, Japan; Asia Pacific financial solutions, Mr Gaston Nossiter said that they are building on their successful collaboration with Dai-ichi since 2020, and are thrilled to announce this latest transaction in their continued partnership. “This agreement reinforces RGA’s commitment to providing leading reinsurance solutions in the Asian insurance market, empowering insurers with creative and tailored offerings that optimise capital and enhance risk management capabilities,” he said.