Reinsurance News
Pacific Life Re
Pacific Life Re names Matt Logan as VP of Finance for Europe Business Unit
26th May 2023
Pacific Life Re, a global provider of mortality, morbidity, and longevity reinsurance solutions, has appointed Matt Logan as its new VP, Finance in the Europe Business Unit. Logan will join Pacific Life Re Europe's Finance team and play a crucial role in supporting the company in delivering core reporting while driving ... Read the full article
Pacific Life Re & Zurich enter £1.6bn longevity hedge with YCB
2nd May 2023
The Yorkshire and Clydesdale Bank (YCB) Pension Scheme has announced a longevity swap transaction with Pacific Life Re International and Zurich Assurance to manage longevity risk in relation to £1.6 billion of pensioner liabilities. The arrangement will provide long term protection to the scheme against costs resulting from pensioners or their ... Read the full article
Pacific Life Re names Elaine Murphy Head of Risk, Asia & Australia
6th February 2023
Pacific Life Re, a global provider of mortality, morbidity, and longevity reinsurance solutions, has appointed Elaine Murphy as Head of Risk, Asia and Australia. Within this role, she will be based in Singapore. Murphy joined the firm in 2018 where she served as a Director, and was based in London. After serving in ... Read the full article
Pacific Life Re names David Waters as Director of Underwriting in Europe
22nd November 2022
Pacific Life Re has announced the appointment of David Waters as new Director of Underwriting in its Europe Business Unit. In the new role, Waters will be responsible for helping manage external and internal risk, while developing a strong market profile, providing high-quality service to clients, and supporting the sales and ... Read the full article
Andrew Doran takes Chief Underwriter role at Pacific Life Re
7th April 2022
Pacific Life Re has announced the appointment of Andrew Doran as Chief Underwriter, taking over from Warren Copp who will be retiring at the end of 2022. Doran has almost 20 years of experience in the life and health insurance industry across the UK and Asia markets. He joined Pacific Life Re ... Read the full article
Pacific Life Re promotes Nicholas Lax to lead R&D in Europe
24th January 2022
Pacific Life Re, a global provider of mortality, morbidity, and longevity reinsurance solutions, has announced the appointment of Nicholas Lax as Head of Research & Development (R&D), Europe. Having joined the company in 2018 as a member of the R&D team, Lax brings 17 years of life and pension industry experience ... Read the full article
Pacific Life partners with WNS for end-to-end PRT administration
30th September 2021
US life insurer Pacific Life is partnering with WNS, a provider of business process management solutions, to provide end-to-end operations support for its Pension Risk-Transfer (PRT) business. WNS will focus on transforming Pacific Life’s existing onboarding and service processes, including payment processing, accounting and data cleansing. This will be achieved via optimal ... Read the full article
Pacific Life Re creates Medical Analytics team
20th May 2021
Life reinsurer Pacific Life Re has created a new Medical Analytics team to further strengthen the company’s analytics and emerging risk capabilities. The team will be led by Ian Collins who has over 20 years of experience in the ... Read the full article
Pacific Life Re seals key $190mn funded reinsurance deal
11th May 2021
Life reinsurer Pacific Life Re has completed a funded reinsurance transaction via its newly-formed Global Funded Solutions (GFS) business line. Covering pensioner and deferred liabilities of around £190 million, the transaction was completed with a leading UK insurer. This was the life reinsurer's second asset-intensive transaction written on an annuity deal and ... Read the full article
Pacific Life Re expands into funded reinsurance market with new GFS team
26th April 2021
Pacific Life Re is expanding into the funded reinsurance market following the establishment of a new Global Funded Solutions (GFS) team. GFS has been created to further support Pacific Life Re’s clients in writing asset intensive business where it is required. The initial focus was intended to support the UK pension risk ... Read the full article
Pacific Life Re names Justin LaHood as Head of Tax
16th April 2021
Life reinsurer Pacific Life Re has announced the appointment of Justin LaHood as its new Head of Tax. Based in London, LaHood will be responsible for managing tax activities across Pacific Life Re globally, with a focus on strategy, coordination, and compliance. He has more than 20 years’ experience as a tax ... Read the full article
Pacific Life Re strikes partnership with ThaiRe Life
22nd February 2021
Pacific Life Re and ThaiRe Life Assurance PCL have announced the formation of a new partnership to provide sustainable life reinsurance solutions to Thailand-based life insurance operators. The collaboration is expected to bring Pacific Life Re’s technical and product development expertise together with ThaiRe Life’s insights and standing in the local ... Read the full article
Pacific Life Re partners with data analytics firm Sapientus
25th January 2021
Life reinsurer Pacific Life Re is partnering with data analytics firm Sapientus to enhance the efficiency and effectiveness of its insurance solutions for the Chinese market. Sapientus is part of China-based mobile services and data firm FingerMotion and will also help Pacific Life Re enhance its current underwriting and claims management processes. Pacific ... Read the full article
Pacific Life Re signs longevity swap with Prudential pension scheme
11th November 2020
Pacific Life Re has completed a longevity swap transaction with the Trustee of the Prudential Staff Pension Scheme. The longevity swap covers pension liabilities of £3.7 billion relating to over 20,000 pensioners in the scheme and was structured using a Guernsey-based captive. Willis Towers Watson led the advice for the Trustee with ... Read the full article
Jay Orlandi takes General Counsel role at Pacific Life
27th August 2020
US life insurer Pacific Life has announced the appointment of Jay Orlandi as its next General Counsel, effective November 2. Orlandi joins Pacific Life from Transamerica, where he served as Executive Vice President and Chief Operating Officer (COO). At Transamerica, he was responsible for all business support functions, including legal, communications, human ... Read the full article
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