Reinsurance News
Pacific Life Re
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
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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