RGA, a global life and health reinsurer that supports insurance companies with risk management and financial solutions, has signed two collective co-insurance agreements in Japan with Sumitomo Life Insurance Company and Tokio Marine & Nichido Life Insurance Company (Anshin Life).
These transactions are part of RGA’s ongoing work with insurers to help manage existing investment portfolios, enhance financial flexibility and support long-term value for policyholders.
The RGA said the agreements illustrate the growing role of coinsurance arrangements in Japan as insurers explore other options to manage efficient portfolios, improve capital efficiency and respond to changing business needs.
The transactions with Sumitomo Life Insurance Company and Anshin Life build on RGA’s established position in the Japanese market and its experience in developing reinsurance structures tailored to the needs of local insurers.
RGA confirmed it had entered into an agreement with Sumitomo Life Insurance Company covering the reinsurance of a batch of whole life insurance policies. RGA stated that this transaction is the first large co-insurance arrangement undertaken by Sumitomo Life and represents an important step for Japan’s mutual insurance industry.
RGA also confirmed a separate agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life) involving the reinsurance of a batch of whole life insurance policies through a coinsurance structure. RGA noted that the agreement builds on previous bulk reinsurance collaborations with Anshin Life completed in 2024 and 2025.
Kazuko Sawada, head of RGA Japan, added: “We are honored to support Sumitomo Life and Anxin Life through these important transactions. Together they demonstrate RGA’s commitment to providing customized financial solutions that strengthen risk management frameworks, address changing capital priorities and continue to create long-term value for policyholders.”
