None
EN
Agam Capital and Sompo Life Re enter multi-year service agreement
['Saumya Jain']
News news - Reinsurance News
Agam Capital, a global provider of insurance-related asset and liability analytics, and Sompo Life Re Ltd have entered into a multi-year service agreement to support the operations of a new, Bermuda-domiciled life reinsurance platform, Life Re.
As previously reported, Sompo Group confirmed that its Bermuda-based subsidiary, Sompo Life Re Ltd., secured a reinsurance license from the Bermuda Monetary Authority (BMA) and commenced operations.
Agam will provide services to the Sompo-led Life Re management team, including its financial, actuarial, and risk management functions.
Additionally, it will support Life Re management in evaluating its strategic asset allocation.
Tetsuya Morito, Director and Chief Executive Officer, Sompo Life Re, added, “We are pleased to have the support of Agam’s specialist talent and infrastructure as we establish this new capability for Sompo.