, Japan
107 view s

Dai-Ichi Life and Resolution Re signs reinsurance agreement

This marks the first Japanese reinsurance transaction for Resolution Re.

Japanese life insurer Dai-Ichi Life has signed a reinsurance agreement with Bermudian reinsurance platform Resolution Re, a subsidiary of Resolution Life, that transfers a closed book of whole of life policies with US$1.5b in total liabilities. The agreement relates to coverage for market risks and insurance risks.

Dai-Ichi Life will continue to service the reinsured business, while Resolution Re and Dai-Ichi Life will work together to successfully manage the reinsured policies for the benefit of policyholders.

This marks the first Japanese reinsurance transaction for Resolution Re. 

Since early this year, Resolution Life has been taking steps to establish itself in Asia with the formation of its Representative Office in Singapore. It also announced the acquisition of AIA’s $5.53b Australian Superannuation & Investments business in February 2022.

READ MORE: Dai-ichi cements position as Australia’s top insurer with Westpac acquisition

Follow the link s for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Income-Allianz failed merger shows popular opinion is king
The deal faced backlash from Singaporeans who thought it betrayed Income’s social mission.
Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.