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Japan Post Insurance Signs MOU on Postal Life Reinsurance with Scor

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Japan Post Insurance (TYO:7181) signed a memorandum of understanding with France-based reinsurer Scor covering the cession of underwriting risks related to its postal life insurance policies and a planned investment in a reinsurance vehicle.

Under the MoU Scor will establish and operate a reinsurance vehicle that will assume underwriting risks held by both insurers, diversifying risk exposure, according to a Friday release.

The deal is subject to conditions and will help Japan Post secure financial stability while ensuring the transferred insurance risks are managed appropriately.

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