Taiyo Life Closes Reinsurance Transaction with Fortitude Re
By Sarah Si | 28 Mar 2025
Taiyo Life Insurance has successfully concluded a $4 billion reinsurance deal with Fortitude Re. The agreement involves Taiyo Life reinsuring a considerable segment of its whole life annuity business to Fortitude Re.
Taiyo Life will continue to handle the servicing and administration of the reinsured policies. This marks Fortitude Re’s second reinsurance agreement with Taiyo Life and its sixth in the Japanese market.
Leonard Lin, Head of Asia at Fortitude Re, shared his perspective on the deal, stating, “We are honoured that Taiyo Life continues to place their trust in us and we look forward to building on our successful partnership. This transaction further demonstrates our deep commitment to the Japan market and to helping our partners achieve their risk, capital and growth aspirations.”
The deal underscores the ongoing activity within the reinsurance sector in Japan and the strategic moves by both Taiyo Life and Fortitude Re. It provides Taiyo Life with capital management advantages and enhances Fortitude Re’s footprint in the Asian market. This deal may also signal further consolidation or strategic partnerships within the Japanese insurance industry.
