Chariot Re has completed its fourth reinsurance transaction – and its first covering Japanese liabilities – since the company’s launch in July 2025.
Effective 30th September 2026, Chariot Re entered into a retrocession agreement with MetLife Reinsurance Company of Hamilton, a MetLife affiliate based in Bermuda, covering approximately $1.6bn of account value associated with a portfolio of Japanese US dollar-denominated whole life and annuity policies.
“This transaction advances our growth strategy and expands our portfolio to include liabilities from one of the world’s largest and most sophisticated life insurance markets,” said Cynthia Smith, Chief Executive Officer of Chariot Re.
“We are pleased to continue partnering with MetLife and building a diversified portfolio supported by disciplined risk management and long-term value creation. Our fourth treaty since launch demonstrates our platform’s strength, momentum, and ability to execute across products, markets, and jurisdictions.”
“Chariot Re’s fourth transaction, and the first to include liabilities tied to Japan, is clear evidence of this platform scaling with momentum. Third-party capital remains an important lever for us as we continue to grow our retirement and asset management businesses under our New Frontier strategy,” added John McCallion, Chief Financial Officer and Head of MetLife Investment Management.
