Reinsurance News
Pacific Life Re
Pacific Life Re in second asset intensive reinsurance agreement with Anshin Life
22nd May 2025
Life insurer Pacific Life Re has entered into a second asset intensive reinsurance agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings. The new deal builds on the pair’s first successful transaction, which took place in May 2024. This ... Read the full article
Pacific Life Re names Kenichi Kim as Head of South Korea
19th May 2025
Life and health reinsurer Pacific Life Re has appointed Kenichi Kim as Head of South Korea, overseeing its growth and operations in the region. Kim brings over 15 years of experience in financial services and reinsurance, having held roles across Hong Kong, Japan, and Singapore. He joined Pacific Life Re in 2022, ... Read the full article
Rothesay, Pacific Life Re & PFI partner on Lloyds Banking Group pension longevity transaction
31st March 2025
Lloyds Banking Group Pensions Trustees Limited has entered into its third and fourth longevity hedging insurance and reinsurance transactions, protecting in aggregate a further £5.1 billion of liabilities. This arrangement will further protect the Lloyds Banking Group pension schemes from the financial impact of increasing life expectancy among its members. The new ... 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
Pacific Life Re partners with Kakao Pay to provide life insurance in South Korea
5th November 2024
Pacific Life Re and Kakao Pay Insurance, a South Korean fintech-led digital non-life insurer, have signed a Memorandum of Understanding (MoU) to provide life insurance solutions in South Korea. According to Pacific Life Re, this partnership combines its global expertise with Kakao Pay Insurance’s digital capabilities to create new opportunities in ... Read the full article
Pacific Life Re aims to tackle financial services skills challenge with FSSC partnership
6th September 2024
Global life and health reinsurer Pacific Life Re has partnered with the Financial Services Skills Commission (FSSC) to ensure the financial services sector is prepared for long-term skills needs; becoming the first dedicated reinsurance firm to join the Commission. The FSSC is a member-driven organisation dedicated to ensuring the UK financial ... Read the full article
Pacific Life Re bolsters APAC protection business
14th August 2024
Pacific Life Re, the global life and health reinsurer and wholly owned subsidiary of Pacific Life, has bolstered its protection business in Asia Pacific with senior appointments. Tyson Johnston, the current Managing Director of the Australian business and Head of Global Protection Strategy, has been promoted to Managing Director, Protection, Asia ... 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
Malaysian Re and Pacific Life Re extend MoU on sustainable retakaful solutions
14th June 2024
Malaysian Re and Pacific Life Re Limited, Singapore Branch have signed an extension of their Memorandum of Understanding (MoU) on providing sustainable retakaful solutions to Takaful Operators. This collaboration was first established in 2019, and since then, Malaysian Re's Retakaful Division (MRRD) has worked with Pacific Life Re to provide ... Read the full article
Pacific Life Re signs asset intensive reinsurance agreement with Tokio Marine & Nichido Life
28th May 2024
Pacific Life Re, the global reinsurer and wholly owned subsidiary of Pacific Life, has announced an asset-intensive reinsurance agreement in Japan with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life). The deal, covering in-force whole-of-life policies, will provide Anshin Life with a new method to reduce its portfolio's long-term interest ... Read the full article
Pacific Life Re reshuffles organisational structure
26th January 2024
Pacific Life Re, the global reinsurer and wholly owned subsidiary of Pacific Life, has reshuffled its organisational structure to move from a geographical-based to a product-based management structure, with two global lines of business: protection and savings & retirement. This move aims to better support its clients and achieve its ambitious ... Read the full article
Pacific Life Re names Yoke Yin Lee as Head of South Korea
31st October 2023
Life and health reinsurer Pacific Life Re has appointed Yoke Yin Lee to oversee operations and growth as Head of its South Korea business. After joining Pacific Life Re in 2008, Lee was an instrumental member of the team that established the South Korea branch in 2015. Lee was promoted to Head ... Read the full article
Pacific Life Re appoints Sujin Park as Head of Underwriting and Claims, Asia
13th October 2023
Life and Health reinsurer, Pacific Life Re, has appointed Sujin Park as its new Head of Underwriting and Claims for its Asia business, based out of the company's Singapore office. This is in line with the company's commitment to grow in the region and provide the highest reinsurance expertise and service ... Read the full article
Pacific Life Re appoints Mikey Anthony as AVP of Sustainability
9th October 2023
Life and health reinsurer, Pacific Life Re, has appointed Mikey Anthony to the newly created role of Assistant Vice President (AVP) of Sustainability. Vincent Lepez, Executive Vice President of Europe and Head of Pacific Life Re’s ESG task force commented, “We’re delighted that Mikey decided to move back to the UK ... Read the full article
Pacific Life Re names Ranbir Dehal VP Corporate Actuarial, Europe
26th September 2023
Pacific Life Re has appointed Ranbir Dehal as its new Vice President Corporate Actuarial in the Europe business unit. Dehal joins Pacific Life Re Europe from Wesleyan Assurance Society, where he served as Head of Actuarial covering SII reporting, data and analytics, economic capital modelling, and capital management. Collectively, he holds over ... Read the full article
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