Reinsurance News

Pacific Life Re

Vincent Lepez to join Pacific Life Re Europe as Managing Director

19th February 2020

Pacific Life Re has announced that the Managing Director of its Europe operation, Darren Spriggs, has decided to step down from the company and will be replaced by SCOR's Vincent Lepez. Spriggs has been with the company for almost four years and has helped Pacific Life Re Europe make important steps ... Read the full article

PIC coverts longevity swap into £1.6bn buy-in for MNOPF

10th February 2020

Pension Insurance Corporation plc (PIC) has completed the conversion of a longevity swap transaction into a £1.6 billion buy-in with the Merchant Navy Officers Pension Fund (MNOPF). The buy-in secures the pension of approximately 14,000 members and coverts a longevity hedge written in 2014 between MNOPF and Pacific Life Re. The 2014 ... Read the full article

Pacific Life Re Australia names Head of Client Solutions

7th February 2020

Pacific Life Re Australia has announced the appointment of Martyn Gilling to the position of Head of Client Solutions. He will now be responsible for Pacific Life Re Australia’s market strategy and sales, as well as developing solutions for its clients. Prior to joining Pacific Life Re, Gilling lived in Canada and ... Read the full article

Pacific Life Re in £10bn longevity swap with Lloyds Banking Group

29th January 2020

Pacific Life Re has announced the completion of a £10 billion longevity swap with Lloyds Banking Group, which it claims is the second largest transaction ever in the UK. The transaction, which covers the longevity risk of pensioner liabilities, is structured as an insurance policy with Scottish Widows Limited acting as ... Read the full article

Malaysian Re & Pacific Life Re partner to provide retakaful solutions

13th December 2019

Malaysian Reinsurance Berhad (Malaysian Re) and the Singapore branch of Pacific Life Re Limited have signed a Memorandum of Understanding (MoU) to provide retakaful products to Family Takaful Operators. The MoU was signed by Zainudin Ishak, President and Chief Executive Officer (CEO) of Malaysian Re and Andrew Gill, Managing Director Asia ... Read the full article

Pacific Life Re & FWD Singapore partner on automated underwriting tech

29th July 2019

Pacific Life Re has announced a new partnership with FWD Singapore, which will see FWD adopt automated underwriting technology powered by Pacific Life Re’s insurtech subsidiary, UnderwriteMe. The digital solution, which is built on the Underwriting Rules Engine (URE), is expected to enhance FWD's real-time risk assessment on policy applications and ... Read the full article

Pacific Life Re appoints Andrew Gill as MD of Australia, Asia units

25th February 2019

Pacific Life Re has announced the appointment of Andrew Gill as Managing Director of the its Australia and Asia business units. Currently serving as Managing Director of Pacific Life Re Australia (as well as a member of the company’s global executive team) Gill has so far lead the Australian team to ... Read the full article

Pacific Life Re explores machine learning in medical data processing

10th October 2018

Pacific Life Re and the online comparison service UnderwriteMe are collaborating on a system which combines text mining and machine learning techniques to process unstructured medical textual data, such as doctors’ reports on life and health insurance applicants and claimants. With the emergence of electronic medical reports, the ability to improve ... Read the full article

Pacific Life Re partners with Australian insurance consultancy NEOS Life

28th June 2018

Pacific Life Re Australia has become the partner reinsurer to NEOS Life, a life insurance consultancy service and new market entrant, in order to create smarter application processes for both advisors and customers in the Australian market. NEOS Life has also chosen Pacific Life Re’s joint underwriting venture, UnderwriteMe, as its ... Read the full article

Pacific Life Re strengthens Asia unit with two hires

10th March 2017

Pacific Life Re has announced two new appointments at its Asia operation, in Navarat Kriausakul (Pi) and Nuttanate Pongpipatpaiboon (Nueng). Pi has been named Director, Product Development, a newly created role, while Nueng has been appointed Director, Projects and Pricing, both will be based in the company's Singapore office. Reporting to Jeff Cook, Head of ... Read the full article

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