Reinsurance News
Life reinsurance news
Life reinsurance industry news, analysis and insights.
The life reinsurance market is a core piece of the sector and life risks, from mortality, to longevity, annuity risk, and more, are a key diversifier for the large global reinsurance carriers, while there are also numerous large specialist life and annuity reinsurers in the sector as well.
Our life reinsurance market news stories cover happenings in the life reinsurance industry, people moves, new company launches, life reinsurance company results, product innovation and more.
InEvo Re marks significant step with third reinsurance transaction
23rd December 2025
Bermuda-based InEvo Re, a specialist life reinsurer backed by Macquarie Asset Management, has announced the successful completion of its third reinsurance transaction since its launch earlier this year. The latest deal, finalised with a UK-based life insurer, marks a significant expansion of the firm’s footprint in the competitive UK Pension Risk ... Read the full article
AM Best assigns credit ratings to AIG subsidiary American International Reinsurance Global
26th November 2025
Credit rating agency AM Best has assigned American International Reinsurance Global (AIRG), a Bermuda-based AIG subsidiary, a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent), and assigned a positive outlook. These credit moves reflect AIRG balance sheet strength, assessed as very strong by AM ... Read the full article
Everest the top Bermuda reinsurer in 2024 with GWP of $12.9bn: AM Best
27th August 2025
Bermuda’s reinsurance sector maintained its global prominence in 2024, with several of its leading players climbing the premium rankings for non-IFRS 17 reporters, according to data from global rating agency AM Best. Our directory of the top 50 global reinsurers, based on AM Best's data, reveals that Everest is the ... Read the full article
AM Best data highlights strong life reinsurer performance in 2024
21st August 2025
Reinsurance Group of America (RGA) is the world’s largest reinsurer focused solely on life reinsurance and ranks third overall among companies that also write non-life reinsurance, based on AM Best’s full-year 2024 data for firms reporting under non-IFRS 17. In AM Best’s Top Global Reinsurance Groups rankings, RGA rose from ... Read the full article
Fitch highlights strong growth in North American life reinsurance in 2024
21st July 2025
According to Fitch Ratings, a credit rating agency, North American life reinsurance experienced significant growth in 2024, driven by expanding partnerships between insurers and alternative investment managers, increased reliance on offshore reinsurance platforms, and a record-setting year for annuity sales. In its analysis, Fitch notes that reserves ceded by insurers—measured through ... Read the full article
Bermuda continues to lead offshore life/annuity reinsurance: AM Best
7th July 2025
With over 40% of total ceded reserves for US life-annuity writers in 2024, Bermuda continues to be a “driving force” in offshore reinsurance, according to a recent report by AM Best. The report, titled “Bermuda Remains the Largest Offshore Life/Annuity Reinsurance Domicile,” further notes that Bermuda was involved in over 60% ... Read the full article
Canada Life Re to cease new business for US traditional life mortality risk reinsurance
25th June 2025
Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets. The reinsurer explains that a key driver of its decision ... Read the full article
Resolution Life closes $1bn block reinsurance transaction in Hong Kong
5th June 2025
Global life insurance group Resolution Life has closed a $1 billion block reinsurance transaction with a leading life insurer in Hong Kong, its first transaction in the region. This reinsurance transaction covers an in-force portfolio of participating whole life and annuity policies. It also transfers materially all risks associated with the guaranteed ... Read the full article
Somerset Re to maintain discipline as life re/insurance sector evolves: CEO Iqbal
16th April 2025
In an interview with Reinsurance News, Danish Iqbal, the recently appointed CEO of Somerset Re, said the company is focused on maintaining discipline and staying true to its core capabilities as it navigates an increasingly competitive life re/insurance market and an ever-evolving regulatory landscape. Iqbal noted that despite recent market volatility, ... Read the full article
Pacific Life Re expands presence with landmark €2bn longevity swap agreement in the Netherlands
20th February 2025
Pacific Life Re, a life and health reinsurer, has completed a longevity swap reinsurance agreement with Nationale-Nederlanden (NN Life) in the Netherlands, strengthening its international reach. The agreement covers a €2 billion portfolio of in-force individual annuity policies and includes a long-term commitment to reinsure future new business through a flow ... Read the full article
Nature of Bermuda’s growing life reinsurance market is evolving: Cooper, PwC Bermuda
17th September 2024
The Bermuda life reinsurance market has expanded rapidly in recent times, and in 2024 alone, the Bermuda Monetary Authority (BMA) has licensed an additional seven new players, while both existing and new entities have looked to innovate and refine their offerings, according to Damian Cooper, an experienced audit focused Partner ... Read the full article
Life/Annuity reinsurers see growing competition amidst improving conditions, AM Best
27th August 2024
While the combination of higher interest rates and more favourable mortality trends have led to improved conditions for life/annuity (L/A) reinsurers, it has also created more competition, with some backed by alternative investment managers or large private equity firms, according to global ratings agency AM Best. In a new report, the ... Read the full article
Martello Re eyes growth with $1.3bn capital raise
23rd July 2024
Martello Re Limited, the Bermuda-based Class E life and annuity reinsurer, has successfully raised $1.3 billion across a second round of equity funding and the upsizing of its current credit facility, enabling the firm to provide support to additional cedants and selectively expand into new lines and regions. It was ... Read the full article
Pacific Life Re strengthens savings & retirement team with key promotions
11th July 2024
Pacific Life Re, a company in the life and health reinsurance sector, is growing its client solutions team in the savings and retirement business. This expansion will enhance their ability to support clients as the business grows in both current and new markets. Philip Edbrooke is now Vice President, Client Solutions (UK ... Read the full article
Axel André named RGA’s new CFO, succeeding Todd Larson
29th May 2024
Life and health reinsurer Reinsurance Group of America (RGA) announced that Axel André will join as Executive Vice President on June 24, 2024, becoming CFO on August 5, while Todd Larson transitions to the role of Special Advisor to the CEO until his retirement on December 31, 2024. Tony Cheng, President ... Read the full article
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