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Life reinsurers spy a goldmine in Asia

A $3trn market is waiting to be tapped and asset-intensive reinsurers are priming themselves to be there, as Sarfraz Thind reports

Japan Post Life reinsures JPY 650bn annuity book with RGA

FWD profits rise 27% in 2023 as Chinese mainland buyers return

Reinsurance by Japanese unit also benefitted group last year

FWD builds presence in Malaysia while Great Eastern awaits regulatory approvals

Sun Life Hong Kong becomes latest early adopter of Hong Kong's RBC regime

The insurer joins AIA, Prudential and FWD in adopting the rules

FWD grows pre-tax operating profits by 56% in H1

Asian life group also improved solvency by 12 percentage points to 300%

Value of new business leaps 35% at FWD as China reopens Hong Kong border

Switch to IFRS 17 will increase shareholders' equity and raise operating profit figures

FWD reveals key business metrics in flotation document

Deemed hospitalisation sent Japan Covid claims rocketing in 2022

FWD grew net operating profits 83% in 2022

Group raised $1.8bn of private capital since 2021

FWD names next CRO in Hong Kong

Jeremy Porter is to join from Axa Hong Kong and Macau