Brookfield Wealth signs reinsurance agreement in Japan

Executive Summary

• Brookfield Wealth Solutions Ltd. signed its first Japan‑based reinsurance agreement with Dai‑ichi Frontier Life, effective October 2025.
• The agreement enables Dai‑ichi Frontier Life to reinsure liabilities on a flow basis to Brookfield’s U.S. subsidiary, American National Insurance Company.
• The partnership expands Brookfield’s presence in Japan’s $6 trillion life and annuity market and follows the establishment of a Tokyo representative office and appointment of a managing director.

Key Details

• Agreement Scope: Dai‑ichi Frontier Life will reinsure policy liabilities to American National Insurance Company (Brookfield’s U.S. subsidiary) on a flow basis.
• Effective Date: October 2025.
• Strategic Significance: First reinsurance transaction for Brookfield Wealth Solutions in Japan, targeting one of the world’s largest insurance markets (~$6 trillion in policies).
• Corporate Structure: Brookfield Wealth Solutions is a subsidiary of Brookfield Corp.; its Class A exchangeable limited voting shares are convertible 1‑for‑1 with Brookfield Corp. shares.
• Leadership Comments:
• Sachin Shah (CEO) highlighted Japan’s strategic importance and the partnership’s role in supporting Japanese policyholders.
• Tomohide Yokooka (Managing Director, Tokyo) noted the deal enhances diversification for Japanese insurers and signals a pipeline of further opportunities.
• Historical Context: Brookfield opened its Tokyo office in 2015, has grown its local team, and appointed Mr. Yokooka as managing director to drive expansion.

Notable Quotes

“We are pleased to partner with Dai‑ichi Frontier Life on our first reinsurance transaction in Japan…Brookfield Wealth Solutions is a strong partner for Japanese insurers, bringing global scale, capital and operational expertise to help support Japanese policyholders.” – Sachin Shah, CEO, Brookfield Wealth Solutions

“Our approach provides insurance partners in Japan with the ability to enhance the strategic diversification of their asset exposures and access to longer‑duration solutions…we look forward to partnering with more Japanese insurers as we grow our business significantly in this market.” – Tomohide Yokooka, Managing Director, Tokyo office