Talcott enters major reinsurance agreement with Japan Post Insurance

Talcott Financial Group, a life insurance provider specialising in risk solutions, has announced a reinsurance agreement between its subsidiary, Talcott Life Re, Ltd., and Japan Post Insurance Co., Ltd.

As part of the transaction, Talcott Life Re will reinsure a ¥550 billion ($3.6 billion) portfolio of in-force payout annuities, while Japan Post Insurance will retain policy servicing and administration. The agreement is set to take effect on March 31, 2025.

With its investment-grade financial strength ratings, experienced leadership team, and strategic partnership with global investment firm Sixth Street, Talcott continues to expand its role as a trusted provider of risk management solutions. This transaction reinforces Talcott’s commitment to offering comprehensive reinsurance services worldwide.

“We are pleased to announce this treaty with Japan Post Insurance,” said Imran Siddiqui, Chief Executive Officer of Talcott.

“This is our second reinsurance transaction in Japan and further advances our international footprint. This new relationship both underscores our commitment to providing comprehensive risk solutions to the Japanese market and highlights the dedication and expertise of our team. We look forward to fostering a lasting partnership with Japan Post Insurance.”

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