Pacific Life Re Executes First Asset-Intensive Reinsurance Transaction in Hong Kong

Hong Kong – 8 September 2026 – Pacific Life Re, a leading global life reinsurer, has announced the successful execution of its first asset-intensive reinsurance transaction in Hong Kong. The transaction marks Pacific Life Re's entry into a new market for its Savings & Retirement business in Asia, building on a strong track record of successful transactions in Japan.

The Hong Kong transaction involved the reinsurance of a block of whole life liabilities for a pan-Asian insurance provider. Through the transaction, Pacific Life Re's financial strength and expertise support the insurance and investment risks associated with the underlying liabilities, helping to enhance long-term policyholder security and resilience. 

"We are proud to have completed our first asset-intensive reinsurance transaction in Hong Kong," said Phill Beach, Executive Vice President, Savings & Retirement, Pacific Life Re. "This milestone demonstrates our capability to delivering bespoke reinsurance solutions, backed by our strong financial strength and expertise. As demand for these solutions continues to grow across Asia, we look forward to helping insurers enhance their resilience and better serve the long-term needs of policyholders."

Dominic Lim, Head of Client Solutions, Asia, Savings & Retirement, Pacific Life Re, added: "We are delighted to bring our asset-intensive reinsurance capabilities to Hong Kong through this landmark transaction. By helping insurers better manage long-term risks, we enable them to focus on delivering greater value to policyholders and supporting their evolving savings and retirement needs. "

The transaction was supported by Mayer Brown, a leading professional services firm.

Pacific Life Re is the global reinsurance business of Pacific Life, which has been helping customers achieve financial security for nearly 160 years and is supported by exceptional financial strength ratings. Pacific Life Re partners with insurers around the world to provide innovative risk management solutions that help them meet their policyholder commitments with confidence.

About Pacific Life Re  

Pacific Life Re provides mortality, morbidity, and longevity reinsurance products, asset intensive and capital solutions and works with clients in Asia, the UK and Europe, Australia, and North America. The company is a global diversified counterparty rated AA- (stable) by Standard & Poor's and is a wholly owned subsidiary of Pacific Life. For more information about Pacific Life Re, please visit www.pacificlifere.com