Transfer of Reinsurance Business between Swiss Reinsurance Company Ltd and Swiss Re Asia Pte. Ltd.
Subject to the approval of the Financial Services Agency of Japan ("JFSA"), Swiss Reinsurance Company Ltd ("SRZ") concluded a transfer agreement with Swiss Re Asia Pte. Ltd. (SRAL), to transfer all of SRZ Japan branch's reinsurance business to SRAL ("Transfer"), based on Articles 210 (1) and 135 (1) of the Insurance Business Act.
The Transfer is expected to take effect on 1 January 2020 or such other date as the JFSA shall approve and as agreed between SRZ and SRAL.
On the effective date of the Transfer, Swiss Re's reinsurance business in Japan will be carried on by the Japan branch of SRAL. SRAL Japan branch has been registered and is licensed as a reinsurance branch in Japan on 19 June 2019.
For more information on the Transfer, please click on link below:
Public Notice of the Transfer of Reinsurance Policies
If you have any queries, please contact your Swiss Re Client Manager or Key Account Manager, or email us at [email protected].