RGA enters into coinsurance transaction with Anshin Life

Global life and health reinsurer, Reinsurance Group of America (RGA), has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, to reinsure a block of whole life policies through coinsurance.

The new collaboration builds on a successful reinsurance block transaction completed in 2024. RGA reinsured approximately JPY 100 billion paid-up block of whole life policies through coinsurance in the previous deal.

However, for this new transaction, additional terms are not being disclosed.

Gaston Nossiter, Senior Vice President, Japan; Asia Pacific Financial Solutions, RGA, commented, “Our enduring partnership with Anshin Life exemplifies RGA’s commitment to the Japanese market and our deep understanding of its unique reinsurance landscape.

“This latest transaction underscores our role as a trusted, long-term partner, dedicated to collaborating with insurers to address critical challenges. It reaffirms our ability to support our clients’ evolving needs with innovative, customised financial solutions that directly tackle their most pressing concerns.”

Anshin Life added, “RGA has been our trusted reinsurance partner for many years, consistently demonstrating their value through their local expertise and commitment to our success.

“In this transaction, they once again provided an attractive solution that directly addresses our key priority of mitigating interest rate risk, aligning with our asset liability management strategies.”

Recently, Anshin Life entered into two other reinsurance agreements with Resolution Life and Pacific Life Re.

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