RGA announces JPY 150bn coinsurance transaction with Dai-ichi Life

Reinsurance Group of America (RGA), a global life and health reinsurer, has reached an agreement with The Dai-ichi Life Insurance Company for an RGA subsidiary to reinsure JPY 150 billion in statutory reserves through coinsurance.

The transaction is effective March 31, 2025.

Gaston Nossiter, Senior Vice President, Japan; Asia Pacific Financial Solutions, RGA, said, “Building on our successful collaboration with Dai-ichi since 2020, we are thrilled to announce this latest transaction in our 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 optimize capital and enhance risk management capabilities.”

Since completing its first coinsurance transaction in Asia in 1996, RGA has executed numerous similar deals across the Asia Pacific region, creating long-term value for clients and consumers across diverse markets.

This announcement follows RGA’s Q1 2025 results, released last month, which reported net income of $286 million, up from $210 million in the prior-year quarter.

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