Pacific Life Re Awarded €4bn Longevity Reinsurance Transaction with Achmea Pension & Life Insurance 

Netherlands – March 11, 2026 – Pacific Life Re, a leader in the global life reinsurance industry, today announced the completion of a longevity reinsurance transaction with Achmea Pension & Life Insurance. 

Pacific Life Re was awarded €4bn of the €8bn in pension liabilities transferred as part of the transaction. In total, the €8bn transaction represents approximately half of Achmea Pension & Life Insurance’s longevity risk exposure and delivers a meaningful capital benefit to the business. By providing longevity expertise and capacity, Pacific Life Re has supported Achmea Pension & Life Insurance’s long term strategic objectives and its ambitions for growth in the Dutch pension buy out market.

Arthur van der Wal, Chief Executive Officer of Achmea Pension & Life Insurance stated, “Transferring roughly half of our longevity risk exposure is a deliberate and significant next step in executing our long-term strategy. The associated capital benefit will support our strategic growth ambitions in the area of pension buyouts, as well as the further optimisation of our investment portfolio. This will be done in close collaboration with Sixth Street and Achmea Investment Management.”

Vanessa HoVon, Managing Director, Savings & Retirement for Europe & Americas at Pacific Life Re commented, “We are excited to support Achmea Pension & Life Insurance on this transaction, which marks our fourth in Continental Europe and our largest to date in the Netherlands. It highlights our ability to deliver tailored longevity solutions at scale and demonstrates our strong commitment to the Continental European market. We look forward to continuing to collaborate with our clients, as they navigate evolving regulatory and strategic priorities.”

Pacific Life Re was supported on the deal by global law firm Debevoise & Plimpton and extends its thanks to all parties for their expertise and collaboration in bringing this transaction to completion.

About Pacific Life Re 

Pacific Life Re is the global reinsurance business of Pacific Life which has exceptional financial strength ratings and a long history for honouring policyholder promises for nearly 160 years. Pacific Life Re provides mortality, morbidity, longevity, asset intensive and capital solutions and works with clients in the UK and Europe, Asia, Australia, and North America. For more information, visit: www.pacificlifere.com.

About Achmea 

Achmea is a broad financial service provider with the Netherlands as its home base. The company is also active internationally, including in Türkiye, Greece, Cyprus, Slovakia, Australia, Germany, Spain, and Romania. In the Netherlands, Achmea operates under strong brands such as Centraal Beheer, Interpolis, and Zilveren Kruis. We help people to continue with their lives, especially at the moments that truly matter. For over 210 years, we have been there because of and for our customers and for society. Together with our customers and partners, we address major societal issues related to health, housing and working, mobility, and income. In this way, we create sustainable value for our customers, our employees, our company, and society. Previous generations could rely on us, and future generations may do so as well.

About Achmea Pension & Life

Achmea Pension & Life Insurance is a leading provider in the Dutch pension and life insurance market. The joint venture between Achmea and Sixth Street started on 1 October 2025, with Achmea and Sixth Street-owned Lifetri merging their portfolios. As a top three player in the market, Achmea Pension & Life Insurance concentrates on improved capital generation, including through pension buy outs and the optimisation of its investment portfolio, to create enduring value for customers and stakeholders.