°µÍøAV Announces 100 Billion JPY Coinsurance Transaction with Anshin Life
TOKYO, May 25, 2024 ¨C Reinsurance Group of America, Incorporated (NYSE: °µÍøAV), 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 °µÍøAV¡¯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, °µÍøAV. ¡°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.¡±
¡°°µÍøAV¡¯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 °µÍøAV
Reinsurance Group of America, Incorporated (NYSE: °µÍøAV) 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, °µÍøAV 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, °µÍøAV empowers partners through bold innovation, relentless execution, and dedicated client focus ¡ª all directed toward creating sustainable long-term value. °µÍøAV 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 °µÍøAV and its businesses, please visit rgare.com or follow °µÍøAV on and . Investors can learn more at .