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Aspida Re Expands Global Footprint with Strategic Reinsurance Transaction in Japan
GlobeNewswire News Roomยท 2025-07-22 17:28
Core Insights - Aspida Life Re Ltd has executed its second reinsurance transaction in Japan, effective June 1, 2025, marking a significant step in its global expansion strategy [1][2] - The transaction involves a highly rated Japanese life insurance carrier and focuses on reinsurance for new or incoming flow business, specifically a Japanese yen denominated fixed annuity [2][3] - Aspida Re's CEO emphasized the company's commitment to the Japanese market and its vision of providing innovative, capital-efficient reinsurance solutions globally [3] Company Overview - Aspida Life Re Ltd is a Bermuda-based reinsurance platform focused on life and annuity reinsurance solutions, aiming to be a trusted partner for long-term financial growth [5] - As of March 31, 2025, Aspida Re has over $23.1 billion in total assets, with Ares Management Corporation acting as its dedicated investment manager [5]