Life reinsurer Pacific Life Re has announced its third asset-intensive block reinsurance deal with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings.

Focused on in-force whole of life policies, the deal is designed to mitigate long-term interest rate risk within Anshin Life’s portfolio.

While ensuring continued support and protection for policyholders, the transaction will also contribute to the advancement of the insurance company’s asset-liability management capabilities.

This deal builds on the success of two previous transactions between Pacific Life Re and Anshin Life, completed in 2024 and 2025.

Rupen Shah, Managing Director, Asia Pacific and Individual Retirement of Savings & Retirement, Pacific Life Re commented: “We’re delighted to announce this third block transaction with Anshin Life, reinforcing our long-standing partnership. Delivering these solutions in Japan underscores our long-term commitment to the market and remains a key part of our core business strategy.

“Through the transfer of Anshin Life’s risk to Pacific Life Re, their organization is able to more efficiently manage and optimise their product portfolio, helping to achieve broader business objectives.”

The latest deal was supported by global professional services firm Aon.

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