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Talcott Financial Group Announces Block Reinsurance Transaction with Japan Post Insurance |
Hamilton, Bermuda, March 28, 2025 – Talcott Financial Group (“Talcott”), an international life insurance group and leading provider of comprehensive risk solutions, today announced a block reinsurance transaction between its subsidiary, Talcott Life Re, Ltd. (“Talcott Life Re”) and Japan Post Insurance Co., Ltd. (“Japan Post Insurance”). |
Under the terms of the agreement, Talcott Life Re will reinsure a ¥550 billion ($3.6 billion1) block of in-force payout annuities. Japan Post Insurance will continue to service and administer the policies. The transaction will be effective March 31, 2025. |
“We are pleased to announce this treaty with Japan Post Insurance,” said Imran Siddiqui, Chief Executive Officer of Talcott. “This is our second reinsurance transaction in Japan and further advances our international footprint. This new relationship both underscores our commitment to providing comprehensive risk solutions to the Japanese market and highlights the dedication and expertise of our team. We look forward to fostering a lasting partnership with Japan Post Insurance.” |
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Talcott’s extensive capabilities are supported by a differentiated business model, highly experienced management team, investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm. This transaction further strengthens Talcott’s position as a trusted partner for comprehensive risk solutions. |
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1 Yen-denominated amounts have been translated into U.S. dollars at an exchange rate of ¥1 = $0.0066 as of March 26, 2025. |
About Talcott Financial Group |
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Talcott Financial Group, an international life insurance group, is the insurance industry’s trusted partner for comprehensive risk solutions. The enterprise benefits from its strong financial position, as evidenced by $123 billion in assets, its investment-grade financial strength ratings, and its partnership with Sixth Street, a leading global investment firm. Talcott Financial Group has offices based in Bermuda, the Cayman Islands, Connecticut, and New York, and its platforms include Talcott Resolution and Talcott Re. |
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For more information visit www.talcott.com or follow Talcott Financial Group on LinkedIn. |
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Media Contact |
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Allison Lang |
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FGS Global |