Reinsurance News
Pacific Life Re
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
Pacific Life Re hires Sarah Teehan from SCOR
30th July 2020
Life reinsurer, Pacific Life Re, has announced the appointment of Sarah Teehan as Head of Protection in Europe. Teehan’s appointment comes after James Tait’s move from the beginning of this year from Head of Protection at Pacific Life Re to CEO at UnderwriteMe. Teehan is a qualified Actuary and joins Pacific Life ... Read the full article
Pacific Life Re makes senior appointments in Asia
6th July 2020
Life reinsurer Pacific Life Re has announced the appointments of Wil Chong as General Manager, Asia Markets, Joanne Yeo as General Manager, Business Services and Operations, and Ong Qian Hao as new Head of Pricing, Asia. All three appointments will report to Andrew Gill in his role of Managing Director, Asia ... Read the full article
Pacific Life Re adds Julie Evans as CIO
22nd June 2020
Life reinsurer Pacific Life Re has announced the appointment of Julie Evans as its new Chief Information Officer (CIO). Evans joins Pacific Life Re from its wholly-owned subsidiary and innovative technology company, UnderwriteMe, where she was COO for more than two years. In her role as CIO at Pacific Life Re, she ... Read the full article
Pacific Life Re adds Andrew Doran to lead Asia office
14th May 2020
Life reinsurer Pacific Life Re has announced the appointment of Andrew Doran as head of underwriting and claims for its Asia office. Based in Singapore, Doran reports to the managing director of Asian and Australian offices Andrew Gill. He will lead the underwriting and claims team in Asia and ensure the delivery ... Read the full article
Pacific Life Re bolsters leadership team in Korea
24th April 2020
Life reinsurer Pacific Life Re has announced several new appointments to its operation in Korea. Phil Hay has joined Pacific Life Re as the new Head of Korea in Seoul reporting to Andrew Gill, the Managing Director, Asia and Australia. Hay, who has over 25 years’ experience in the life insurance industry, ... Read the full article
FWD Philippines opts for digital solution from Pacific Life Re
26th March 2020
Pacific Life Re has announced a new partnership with FWD Philippines, which will see FWD adopt a digital solution from Pacific Life Re’s insurtech subsidiary, UnderwriteMe. The solutions was built on the Underwriting Rules Engine and is designed to enable a much shorter application process, while minimising the review time needed ... Read the full article
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 converts 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
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