Pacific Life Re has completed its third asset-intensive flow reinsurance transaction in Japan.
The transaction follows the company’s prior block transactions and two flow transactions in Japan and involved the reinsurance of whole of life liabilities through another new flow counterparty.
“We are proud to have executed our third asset-intensive flow reinsurance transaction in Japan with a leading Japanese insurer,” said Phill Beach, Executive Vice President of Savings & Retirement at Pacific Life Re.
“This achievement highlights not only our ability to structure and execute complex reinsurance solutions, but also our strong operational capabilities that support scalable, repeatable flow transactions, building on our experience from two prior flow reinsurance transactions.”
“We are pleased to partner with our clients through asset-intensive reinsurance solutions and delighted to be supporting a new client, helping them enhance product competitiveness and create long-term benefits for policyholders. This further solidifies our commitment to supporting insurers and their policyholders in Japan,” added Rupen Shah, Managing Director, Asia Pacific and Individual Retirement of Savings & Retirement at Pacific Life Re.
These deals were supported by global professional services firms, including Debevoise & Plimpton.
