Aspida Re Completes Reinsurance Deal In Japan
Aspida Life Re Ltd, a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025.
A spokesperson said, “This milestone marks a significant step in Aspida Re’s ongoing strategy to expand its global footprint and deliver innovative reinsurance solutions to life and annuity insurance partners worldwide.
“The transaction was completed with a highly rated Japanese life insurance carrier [Company]. Aspida Re, rated A- [Excellent] by AM Best, will reinsure new or incoming flow business. The reinsured product is a Japanese yen [JPY] denominated fixed annuity, highlighting Aspida Re’s ability to manage foreign exchange risk and deliver tailored solutions to its cedents.”
“This transaction is highly strategic for Aspida Re,” said David Florian, CEO of Aspida Re. “It reflects our deep commitment to the Japanese market and our broader vision of supporting insurers around the world with innovative, capital-efficient reinsurance solutions.”
The spokesperson said, “Aspida Re’s continued growth in Asian markets demonstrates its agility and expertise in navigating complex regulatory and financial environments, while reinforcing its role as a trusted partner in the global reinsurance landscape.”
“We are excited to secure our second Japanese reinsurance agreement,” said Jon Steffen, President and Chief Actuary of Aspida Re. “Our flexibility and customized solutions allow us to provide significant advantage to clients and partners, no matter their location.”
