˿ƵAPP Announces 700 Billion JPY Longevity Asset-Intensive Reinsurance Transaction with Japan Post Insurance Company
TOKYO, Mar. 22, 2024 – Reinsurance Group of America, Incorporated (NYSE: ˿ƵAPP), a leading global life and health reinsurer, today announced it has reached an agreement with Japan Post Insurance Company (Kampo) for an ˿ƵAPP affiliate to reinsure an approximately 700 billion JPY in-force block of individual life annuities through coinsurance. The transaction is a landmark transaction in the longevity space with one of Japan’s leading providers of life annuities.
“This transaction marks a significant milestone in the Asia-Pacific longevity market as a first-of-its-kind coinsurance transaction in Japan,” said Gaston Nossiter, Senior Vice President, Head of Asia Pacific, Global Financial Solutions, ˿ƵAPP. “This is one of a number of recent asset-intensive transactions that ˿ƵAPP has completed demonstrating our deep expertise and strong position in the Japanese and Asia Pacific markets. We look forward to continuing to support our clients with their in-force capital management and new business objectives.”
“We value our partnership with ˿ƵAPP, which has consistently delivered customized coinsurance solutions to enhance our capital management,” stated Kampo. “This transaction further cements our collaborative approach to risk management and capital optimization, reinforcing our commitment both to our customers and our strategic goals.”
“˿ƵAPP has a long-standing partnership with Kampo, and we are pleased to once again work with them to develop a solution to reduce longevity risk and manage capital,” said Hironori Takahashi, CEO, ˿ƵAPP Japan. “Looking ahead, ˿ƵAPP’s robust local presence in Japan positions us to lead our clients through the complexities of capital optimization toward innovative solutions that meet their capital and regulatory needs.”
Additional terms of the transaction are not being disclosed.
About ˿ƵAPP
Reinsurance Group of America, Incorporated (NYSE: ˿ƵAPP) 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, ˿ƵAPP 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, ˿ƵAPP empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. ˿ƵAPP has approximately $3.7 trillion of life reinsurance in force and assets of $97.6 billion as of Dec. 31, 2023. To learn more about ˿ƵAPP and its businesses, please visit rgare.com or follow ˿ƵAPP on and . Investors can learn more at .