{"id":744910,"date":"2023-04-03T17:03:28","date_gmt":"2023-04-03T21:03:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\/"},"modified":"2023-04-03T17:03:28","modified_gmt":"2023-04-03T21:03:28","slug":"reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\/","title":{"rendered":"Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life"},"content":{"rendered":"

<\/p>\n

Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life<\/span><\/b><\/p>\n

TOKYO–(BUSINESS WIRE<\/a>)–Reinsurance Group of America, Incorporated<\/a> (NYSE: RGA) a leading global life and health reinsurer, today announced that it reached an agreement with Daido Life Insurance Company (Daido Life), a subsidiary of T&D Holdings, Inc. (T&D Holdings), to reinsure 153 Billion JPY of statutory reserves through coinsurance.<\/p>\n

\n\u201cRGA has a long-standing partnership with Daido Life and its parent company T&D Holdings, and we are pleased to once again work with them to craft a solution to reduce risk and manage capital,\u201d said Simon Armand-Smith, Vice President, Business Development, Global Financial Solutions, RGA. \u201cThis is one of a number of recent asset-intensive transactions that RGA has completed in the Japanese market, and we look forward to continuing to support our clients with their in-force capital management and new business objectives.\u201d<\/p>\n

\n\u201cOur working relationship with RGA spans many years and multiple transactions,\u201d said Daido Life. \u201cTheir understanding of our needs and ability to customize coinsurance agreements that help us to effectively manage asset and liability risks have enabled us to improve our capital efficiency.\u201d<\/p>\n

\nAdditional terms of the transaction are not being disclosed at this time.<\/p>\n

About RGA<\/b><\/p>\n

\nReinsurance 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 celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world\u2019s largest and most respected reinsurers and is listed among Fortune’s World’s Most Admired Companies. The global organization is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.4 trillion of life reinsurance in force and assets of $84.7 billion as of December 31, 2022. To learn more about RGA and its businesses, visit www.rgare.com<\/a>. Follow RGA on LinkedIn<\/a> and Facebook<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230403005702\/en\/<\/a><\/span><\/p>\n

\nLynn Phillips
\n
Vice President, Corporate Communications
\n
RGA
\n
636-736-2351
\n
lphillips@rgare.com<\/a><\/p>\n

\nLizzie Curry
\n
Director, Public Relations
\n
RGA
\n
636-736-8521
\n
lizzie.curry@rgare.com<\/a><\/p>\n

\nJeff Hopson
\n
Senior Vice President, Investor Relations
\n
RGA
\n
636-736-2068
\n
jhopson@rgare.com<\/a><\/p>\n

KEYWORDS:<\/b> Missouri United States Japan North America Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Insurance Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life 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 Daido Life Insurance Company (Daido Life), a subsidiary of T&D Holdings, Inc. (T&D Holdings), to reinsure 153 Billion JPY of statutory reserves through coinsurance. \u201cRGA has a long-standing partnership with Daido Life and its parent company T&D Holdings, and we are pleased to once again work with them to craft a solution to reduce risk and manage capital,\u201d said Simon Armand-Smith, Vice President, Business Development, Global Financial Solutions, RGA. \u201cThis is one of a number of recent asset-intensive transactions that RGA has completed … <\/p>\n

Continue reading “Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-744910","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nReinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life 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 Daido Life Insurance Company (Daido Life), a subsidiary of T&D Holdings, Inc. (T&D Holdings), to reinsure 153 Billion JPY of statutory reserves through coinsurance. \u201cRGA has a long-standing partnership with Daido Life and its parent company T&D Holdings, and we are pleased to once again work with them to craft a solution to reduce risk and manage capital,\u201d said Simon Armand-Smith, Vice President, Business Development, Global Financial Solutions, RGA. \u201cThis is one of a number of recent asset-intensive transactions that RGA has completed … Continue reading "Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-03T21:03:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230403005702r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life\",\"datePublished\":\"2023-04-03T21:03:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\\\/\"},\"wordCount\":430,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230403005702r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/reinsurance-group-of-america-reinsures-153-billion-jpy-of-statutory-reserves-for-daido-life\\\/\",\"name\":\"Reinsurance Group of America Reinsures 153 Billion JPY of Statutory Reserves for Daido Life - 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