Talcott Financial enters reinsurance deal in Japan

It also expanded its APAC presence with a new appointment.

International life insurance group, Talcott Financial, announced its first reinsurance transaction in Japan. 

The deal involves its subsidiary, Talcott Life Re entering into a flow reinsurance agreement with The Dai-ichi Frontier Life Insurance.

Under the terms of the agreement, Talcott Life Re will provide reinsurance for Dai-ichi Frontier Life’s innovative new annuity product. 

Dai-ichi Frontier Life will continue to service and administer the policies, maintaining its role as the issuer of the contracts.

Since being acquired by Sixth Street in June 2021, Talcott has completed three flow reinsurance transactions and seven business transactions overall.

To bolster its presence in the region, Talcott has appointed Yasuhisa Watanabe as chief representative, Asia Pacific, effective 1 July. 

Watanabe brings over 30 years of experience in the insurance and financial services industry, including his previous role as Co-CEO and Chief Financial Officer of RGA Reinsurance Company’s Japan branch.