International Life Health Practice Of Willis Re News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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BARBADOS, June 1, 2021 /CNW/ - Canada Life Reinsurance is pleased to announce that it has recently entered into a long-term coinsurance agreement with Dai-ichi Life (The Dai-ichi Life Insurance Company, Limited), covering JPY ¥125 billion (CDN$1.4 billion) of in-force liabilities on a portfolio of whole of life insurance policies.
Under the agreement, Canada Life Reinsurance will cover all future death and surrender claims in respect of the reinsured business.
Gareth Dobson, who leads the Barbados Branch of Canada Life, said:  I am delighted to announce this significant reinsurance transaction which is not only our first with Dai-ichi Life but also our first in the Japanese market.  As Canada Life Reinsurance continues to expand our business beyond Europe and the U.S. this transaction demonstrates our ability to deliver reinsurance solutions to new clients in new markets.  I am pleased that the Canada Life Reinsurance team ....

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