Kuvare Life Re, the reinsurance affiliate of Kuvare Holdings, has established a Japan Representative Office, boosting its strategic expansion into the Japanese and Asian markets.
KLR has also appointed Daisuke Nagamori as Chief Representative, Asia-Pacific.
Based in Tokyo, Nagamori will reportedly lead the firm’s regional engagement efforts, serving as a “key conduit” for cultivating relationships with Japanese companies, executives and other industry participants.
Nagamori has over 25 years of extensive experience in the insurance and financial services industries, serving in senior positions in Malaysia, Taiwan, Hong Kong, and Japan.
It is worth noting that KLR has already completed reinsurance transactions with three leading Japanese life insurance companies.
The firm explained that these transactions cover five distinct insurance products and are each structured on a forward flow basis, reflecting KLR’s ability to support its partners’ growth.
“To date, the total written premium under these agreements amounts to over ¥500 billion ($3.5 billion), underscoring the scale and strategic importance of these partnerships,” KLR said.
Dhiren Jhaveri, Founder and CEO of Kuvare, commented, “KLR’s successful expansion into Asia, coupled with this latest step establishing a Representative Office in Tokyo, reflects Kuvare’s ongoing commitment to bring unique solutions to insurers and policyholders worldwide. We are excited about the prospects of further strengthening our ties to Japan and other Asian markets.”
Nicholas Li, Chief Business Development Officer at KLR, said, “Since entering the Japanese market, KLR has consistently prioritized building strong, in-person relationships with our partners, alongside delivering “cedant-first,” innovative reinsurance solutions. The appointment of Nagamori-san reinforces this commitment and enhances the support and responsiveness we provide to our partners.”
AloJapan.com