Latest news with #Dai-ichi
Business Wire
02-06-2025
- Business
- Business Wire
RGA Announces 150 Billion JPY Coinsurance Transaction with The Dai-ichi Life Insurance Company
TOKYO--(BUSINESS WIRE)-- Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, today announced that it reached an agreement with The Dai-ichi Life Insurance Company, Limited (Dai-ichi) for an RGA subsidiary to reinsure 150 billion JPY of statutory reserves through coinsurance. This agreement reinforces RGA's commitment to providing leading reinsurance solutions in the Asian insurance market, empowering insurers with creative and tailored offerings that optimize capital and enhance risk management capabilities. Share 'Building on our successful collaboration with Dai-ichi since 2020, we are thrilled to announce this latest transaction in our continued partnership,' said Gaston Nossiter, Senior Vice President, Japan; Asia Pacific Financial Solutions, RGA. 'This agreement reinforces RGA's commitment to providing leading reinsurance solutions in the Asian insurance market, empowering insurers with creative and tailored offerings that optimize capital and enhance risk management capabilities.' RGA, a worldwide leader in reinsurance, pioneered asset-intensive solutions as financial optimization tools. Since executing its first such transaction in Asia in 1996, RGA has successfully implemented numerous coinsurance deals across the Asia Pacific region, delivering lasting value to clients and consumers across diverse markets. The effective date of the transaction is March 31, 2025. About RGA Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA is today one of the world's largest and most respected reinsurers and remains guided by a powerful purpose: to make financial protection accessible to all. As a global capabilities and solutions leader, RGA empowers partners through bold innovation, relentless execution, and dedicated client focus — all directed toward creating sustainable long-term value. RGA has approximately $3.9 trillion of life reinsurance in force and assets of $118.7 billion as of December 31, 2024. To learn more about RGA and its businesses, please visit or follow RGA on LinkedIn and Facebook. Investors can learn more at
Yahoo
02-06-2025
- Business
- Yahoo
Dai-ichi Life to acquire 15% stake in British insurer M&G
Dai-ichi Life Holdings has revealed plans to acquire a 15% stake in UK-based insurer M&G through on-market purchases 'to capture long-term value creation opportunities across an array of strategic initiatives'. The acquisition, subject to regulatory approvals, is part of a long-term strategic partnership between the two companies covering asset management and life insurance. Once the 15% threshold is reached and certain conditions are met, Dai-ichi will have the right to appoint a director to M&G's board. Under the terms, M&G will become Dai-ichi's preferred asset management partner in Europe. The partnership will focus on growth, distribution and product development, with the aim of generating new business flows for both companies. M&G expects the partnership to support its expansion into European private markets and open new business opportunities in Japan and Asia. Dai-ichi will gain access to M&G's investment capabilities across public and private markets to support its own portfolio and client needs, and will collaborate to enhance Dai-ichi's expertise in bulk purchase annuities. Dai-ichi Life HD president and CEO Tetsuya Kikuta said: 'Dai-ichi Life Holdings is delighted to enter into a strategic alliance with M&G, a highly regarded global player in the insurance and asset management industries, to collaborate and develop capabilities together in multiple areas, especially in Europe. 'We see our partnership with M&G acting as a spearhead to develop our presence across Europe and the UK, accelerating our strategy to become a global top-tier insurance group.' The partnership is expected to generate at least $6bn in flows into M&G funds over five years, with Dai-ichi expecting at least $2bn (Y285.83bn) in new flows through investments and distribution of its products. An implementation agreement outlines Dai-ichi Life HD's governance rights and includes restrictions such as a two-year lock-up, a 19.99% shareholding cap and an orderly market arrangement for share disposals. Commenting on the partnership, M&G Group CEO Andrea Rossi stated: 'It brings together two highly complementary international businesses with shared growth ambitions who aim to deliver excellent client service and sustainable shareholder returns.' In April, TAL, a subsidiary of Dai-ichi Life Holdings, agreed to acquire a 15.1% stake in retirement solutions provider Challenger for Y80bn. "Dai-ichi Life to acquire 15% stake in British insurer M&G " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
