Pacific Life Re Completes First Two Asset-Intensive Flow Reinsurance Transactions in Japan

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Pacific Life Re Completes First Two Asset-Intensive Flow Reinsurance Transactions in Japan

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JAPAN – 28 October 2025 – Pacific Life Re, a leader in the global life reinsurance industry, today announces the successful completion of its first two asset-intensive flow reinsurance transactions in Japan. These transactions represent a key milestone in the company’s expansion into the Japanese market and its entry into the asset-intensive flow reinsurance segment.

Executed with two leading Japanese life insurers, the transactions involve the reinsurance of whole of life liabilities through a flow structure, enabling ongoing, repeatable cessions over time. The flow format provides insurers with increased flexibility in managing their capital and risk exposures, while also enhancing the competitiveness of their product offerings in the market. These benefits ultimately extend to policyholders through more attractive and sustainable insurance products.

“We are proud to announce the completion of our first asset-intensive flow reinsurance transactions in Japan,” said Phill Beach, Executive Vice President of Savings & Retirement, Pacific Life Re. “This achievement highlights not only our ability to structure and execute complex reinsurance solutions, but also our strong operational capabilities that support scalable, repeatable flow transactions.”

Rupen Shah, Managing Director, Asia Pacific and Individual Retirement of Savings & Retirement added, “We are delighted to be working in partnership with our clients to help them enhance product competitiveness and create long-term benefits for policyholders. This further solidifies our commitment to supporting insurers and their policyholders in Japan.”

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 157 years.

These deals were supported by global professional services firms, including Aon, Willkie Farr & Gallagher and Eversheds Sutherland.

Media contact

Laura Furman | AVP External Communications and Marketing

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