Brookfield Wealth Solutions Ltd., a provider of retirement services, wealth protection products and tailored capital solutions, has signed its first Japan-based reinsurance agreement with insurer, Dai-ichi Frontier Life.
According to the agreement, Dai-ichi Frontier Life will reinsure liabilities to Brookfield Wealth Solutions’ US-based subsidiary, American National Insurance Company, on a flow basis, effective October 2025.
Leveraging Brookfield’s expertise in renewable power and transition, infrastructure, real estate and other real assets, Brookfield Wealth Solutions delivers differentiated re/insurance solutions.
Brookfield Wealth Solutions began its expansion into Japan with the appointment of Tomohide Yokooka as a Managing Director in its Tokyo office.
The reinsurance agreement builds on Brookfield’s existing presence, relationships and investments across the country.
Since opening its office in Tokyo in 2015, Brookfield has grown its local team and partnered with several Japanese institutional and wealth investors.
Japan is one of the world’s largest insurance markets, with individual life and annuity policies in force totalling over $6 trillion.
Sachin Shah, Chief Executive Officer, Brookfield Wealth Solutions, commented, “We are pleased to partner with Dai-ichi Frontier Life on our first reinsurance transaction in Japan.
“Japan is strategically important for Brookfield Wealth Solutions given the size of its life insurance market and favorable macroeconomic trends.
“Brookfield Wealth Solutions is a strong partner for Japanese insurers, bringing global scale, capital and operational expertise to help support Japanese policyholders.”
Yokooka added, “Our approach provides insurance partners in Japan with the ability to enhance the strategic diversification of their asset exposures and access to longer-duration solutions.
“We have an active pipeline of opportunities and look forward to partnering with more Japanese insurers as we grow our business significantly in this market.”
AloJapan.com