Life reinsurer Pacific Life Re announced its third asset-intensive collective reinsurance agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), the domestic life insurance subsidiary of Tokio Marine Holdings.
The transaction focuses on in-force whole life insurance policies and is designed to mitigate long-term interest rate risk in Anxin Life’s investment portfolio.
While ensuring continued support and protection for policyholders, this transaction will also help improve the insurance company’s asset and liability management capabilities.
The transaction builds on two previous successful transactions completed by Pacific Life Re and Anshin Life in 2024 and 2025.
Rupen Shah, Managing Director Asia Pacific and Personal Savings & Retirement at Pacific Life Re, commented: “We are delighted to announce our third major transaction with Anshin Life, thereby strengthening our long-term partnership. Offering these solutions in Japan underlines our long-term commitment to the market and remains a key part of our core business strategy.”
“By transferring Anshin Life’s risks to Pacific Life Re, their organization is able to more effectively manage and optimize its product portfolio, helping to achieve broader business objectives.”
The latest deal was backed by global professional services firm Aon.
