Japan POST Insurance and SCOR Sign Memorandum for Pre-Privatization Contract Reinsurance Deal

TOKYO, Jul 10 (Pulse News Wire) – Japan Post Insurance CO.,LTD. (7181.T) and SCOR SE signed a memorandum, to explore reinsurance transactions related to pre-privatization contracts and SCOR's establishment of a risk management vehicle.

Under the agreement, Japan Post Insurance will reinsure risks associated with pre-privatization contracts, while SCOR will establish, fund, and operate a reinsurance vehicle aimed at diversifying risks. Japan Post Insurance plans to hold less than 50% of the voting rights in the reinsurance vehicle. The companies aim to finalize negotiations and secure necessary approvals before commencing the reinsurance transactions and investments in the vehicle.

Pre-privatization contracts refer to agreements where Japan Post Insurance reinsures risks transferred from the former independent administrative institution managing postal savings and simplified life insurance. The reinsurance arrangements are expected to ensure appropriate risk management at the receiving end. Any potential impact on Japan Post Insurance’s performance will be disclosed promptly upon further assessment.

SCOR, headquartered in Paris, France, provides innovative reinsurance solutions globally, generating €¥15.40 billion euros in total premiums in 2025 across more than 150 countries through offices worldwide.