Pacific Life Re
Pacific Life Re is a Bermuda-based global life reinsurer serving life insurers, pension schemes, and reinsurers with protection, longevity, and capital solutions, complemented by the UnderwriteMe underwriting technology platform licensed to insurers.
- Company typePrivate
- Founded2008
- HeadquartersHamilton, Bermuda
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Pacific Life Re does
Pacific Life Re is a Bermuda-headquartered global life reinsurance company and a wholly owned subsidiary of Pacific Life, a mutual insurance company with approximately 160 years of operating history. It serves life insurance carriers, pension scheme trustees, and other reinsurers across North America, EMEA, and Asia-Pacific from offices in London, Singapore, Seoul, Sydney, Tokyo, and Toronto. The firm carries an AA- financial strength rating from S&P and has executed more than 60 longevity transactions covering over $50 billion of liabilities since launching its Asia operations in 2008. Its offerings span Protection Reinsurance, Savings & Retirement Solutions (longevity swaps and funded reinsurance), and Capital Solutions, with named clients including Tokio Marine & Nichido Life, Achmea, ASR Nederland, Nationale-Nederlanden, Lloyds Banking Group Pensions Trustees, Yorkshire and Clydesdale Bank Pension Scheme, Kakao Pay Insurance, and Malaysian Re.
Pacific Life Re owns and operates UnderwriteMe, a proprietary underwriting technology platform consisting of the UnderwriteMe Decision Platform and Protection Platform, supported by the Ocean underwriting manual. These platforms provide AI-powered underwriting automation, predictive analytics, and process automation that are deployed internally and licensed to third-party insurers. The UnderwriteMe platform was repositioned in April 2025 under a new CEO (Andrew Doran) and Board Chair (Michelle Moloney), indicating an explicit strategy to grow external technology licensing as a distinct revenue stream alongside reinsurance premiums.
The firm's revenue model combines reinsurance premiums from protection, longevity, and capital solutions treaties with recurring licensing and services revenue from UnderwriteMe. Pricing on the reinsurance side is anchored to multi-year and multi-decade treaty structures with both life insurers (for example, block reinsurance with Tokio Marine's Anshin Life operation and asset-intensive flow reinsurance in Japan) and pension scheme trustees (longevity swaps with Achmea at €4 billion, ASR Nederland at €1.3 billion, and Lloyds Banking Group). Go-to-market is enterprise-focused and relationship-driven, supported by local presence in seven financial centers, while UnderwriteMe extends the firm's reach into mid-tier insurers via a software channel.
Pacific Life Re firmographics
Firmographics- Name
- Pacific Life Re
- Legal name
- Pacific Life Re International Limited
- Website
- https://pacificlifere.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Pacific Life Re is a Bermuda-based global life reinsurer serving life insurers, pension schemes, and reinsurers with protection, longevity, and capital solutions, complemented by the UnderwriteMe underwriting technology platform licensed to insurers.
- Ownership category
- akta.pro rank
Pacific Life Re industry classification
Industry- Product category
- Life Reinsurance
- NAICS
- Reinsurance Carriers (524130), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114)
- SIC
- Life Insurance (6311), Accident & Health Insurance (6321)
- akta.pro primary industry
- Life Treaty Reinsurance (FSAOAEAA)
- akta.pro secondary industries
- Longevity Reinsurance (FSAIANAC), Mortality (Life) Reinsurance (FSAOAAAA), Critical Illness & Living Benefits Reinsurance (FSAOAAAD)
Keywords
Where Pacific Life Re is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices7 records
Markets served
Pacific Life Re business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Reinsurance Premiums: Pacific Life Re earns revenue through reinsurance premiums for mortality, morbidity, and longevity reinsurance products. They provide protection reinsurance, savings and retirement reinsurance, and capital solutions to insurance companies globally.
- Technology Licensing (UnderwriteMe): UnderwriteMe technology products are licensed to insurers and distributors. Protection Platform allows distributors to compare underwritten prices and product features. Decision Platform provides modular underwriting and claims automation solutions to insurers.
- Capital Solutions Fees: Revenue from providing innovative capital solutions enabling insurers to optimize capital and enhance balance sheets. Solutions include supporting clients in navigating regulatory balance sheet strain, reducing volatility including IFRS17 driven accounting mismatches, and monetizing inforce or funding new business growth.
- Longevity Risk Transfer: Revenue from longevity and funded reinsurance solutions including pension risk transfer transactions, individual annuities, and bulk annuity solutions that help insurers reduce risk exposures and improve capital efficiency.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Pacific Life Re product offering
Product offeringCore offering
Pacific Life Re is a global life reinsurer providing reinsurance solutions across three core lines: Protection (mortality, critical illness, disability, medical risk), Savings & Retirement (longevity and funded reinsurance including pension risk transfer), and Capital Solutions (balance sheet optimization and inforce monetization). It also licenses its proprietary UnderwriteMe technology platforms (Decision Platform and Protection Platform) and the Ocean underwriting manual to insurers and distributors worldwide.
Product overview
Pacific Life Re is a global life reinsurance company offering a unified platform of reinsurance products and technology solutions. The core product portfolio consists of Protection Reinsurance (managing mortality, critical illness, disability, and medical risks), Savings & Retirement (longevity and funded reinsurance), and Capital Solutions (balance sheet optimization). Technology offerings include UnderwriteMe's Decision Platform and Protection Platform (insurer-facing automation and distributor-facing platforms respectively), and Ocean, a next-generation underwriting manual. These products work together to provide clients with comprehensive reinsurance solutions supported by AI-driven automation and data analytics.
Differentiator
Problem solved
Functional benefit
Brands
- UnderwriteMe: Technology platform that develops products for the future of distribution and underwriting in the protection insurance industry, including the Protection Platform and Decision Platform.
- Ocean
Products and services
- Protection Reinsurance Global protection reinsurance services for life insurance companies covering mortality, critical illness, total and permanent disability, income protection, medical and associated risks. Services include product development, model development, predictive underwriting, underwriting and claims training, and data analytics & portfolio review.
- Savings & Retirement Reinsurance Longevity and funded reinsurance solutions that reduce risk exposures, improve capital efficiency and increase new business volumes. Includes pension risk transfer, individual annuities, bulk annuity solutions, and longevity swaps for pension schemes and life insurers.
- Capital Solutions Innovative capital solutions enabling insurers to optimise capital and enhance balance sheets, including solutions for regulatory balance sheet strain, IFRS17-driven accounting mismatches, market risk management, capital efficiency, and monetising inforce or funding new business growth.
- UnderwriteMe Decision Platform A platform that empowers insurers to enhance their underwriting and claims decision-making with cutting-edge automation, data and technology. The solution is flexible and modular, tailored to the needs of each insurer.
- UnderwriteMe Protection Platform A platform for distributors that enables them to complete one application, compare underwritten prices and product features, and put customers on risk — all from a single platform.
- Ocean Underwriting Manual A next-generation global underwriting manual written by underwriters for underwriters, providing straightforward and credible ratings guidance. Ocean covers life, critical illness, total and permanent disability, income protection, hospital expenses and cancer products, with over 1,000 pages of continually updated content driven by medical and epidemiological studies.
Quantifiable outcome
- Over $50 billion of liabilities covered across 60+ longevity transactions since 2008
- +2 more outcomes
Companies that use Pacific Life Re
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Pacific Life Re technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature3 records
Pacific Life Re partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core and minor.
- Tokio Marine & Nichido Life Insurance (Anshin Life)coreThird asset-intensive block reinsurance deal with Tokio Marine & Nichido Life covering in-force whole of life policies. Building on transactions in 2024 and 2025, the deal helps Anshin Life reduce long-term interest rate risk while continuing to support and protect policyholders. Deal supported by Aon.
- AonminorGlobal professional services firm supporting Tokio Marine & Nichido Life block reinsurance deal.
- Achmea Pension & Life InsurancecoreAwarded €4bn longevity reinsurance transaction with Achmea Pension & Life Insurance.
- ASR Nederland N.V. (a.s.r.)core€1.3bn longevity swap reinsurance agreement covering portion of defined benefit pensions included in a pension buy-out. Marks Pacific Life Re's second longevity reinsurance transaction in the Netherlands. Deal supported by Hogan Lovells.
- Hogan LovellsminorGlobal law firm supporting ASR Nederland longevity swap transaction.
- Lloyds Banking Group Pensions Trustees LimitedcoreNew longevity reinsurance arrangements with Lloyds Banking Group Pensions Trustees Limited via Zurich Assurance Ltd.
- Nationale-Nederlanden LifecoreLongevity swap reinsurance agreement with Nationale-Nederlanden Life in the Netherlands, an important and growing market for Pacific Life Re.
- Kakao Pay InsurancecorePartnership formed with Kakao Pay Insurance to provide reinsurance solutions.
- Financial Services Skills CommissionminorPartnership to ensure financial services sector is prepared for long-term skills needs.
- Malaysian RecoreExtended collaboration with Malaysian Re to provide retakaful solutions, strengthening presence in Southeast Asian market.
- Yorkshire and Clydesdale Bank (YCB) Pension Schemecore£1.6bn longevity hedge with YCB Pension Scheme via Zurich Assurance Ltd.
- World Wildlife Fund (WWF)minorFour-year partnership with WWF supporting the Blue Forest Programme which safeguards coastal ecosystems through restoration, conservation, and sustainable management approaches.
- Blue Carbon Research CentreminorPartnership with WWF and Blue Carbon Research Centre to safeguard coastal ecosystems and launch initiative for ocean conservation.
- Waterways Watch SocietyminorPartnership in Singapore with environmental charity established in 1998, bringing people together to love waters and inspire stewardship for environment.
- Thames21minorPartnership in London supporting charity dedicated to improving rivers and canals around London for people and wildlife. Pacific Life Re employees regularly participate in clean-ups and habitat restoration.
- Ocean ConservancyminorPartnership in Toronto and Sydney where employees undertake beach clean ups, measuring types of waste that end up in waterways and oceans.
- The Access ProjectminorUK partnership matching volunteer tutors (including Pacific Life Re employees) with students to support GCSEs and A levels, plus mentors for university applications.
- Junior AchievementminorPartnership providing training to students between 10-18 years teaching work readiness, entrepreneurship and financial literacy. Pacific Life Re volunteers at schools and provides financial support.
- Dress for SuccessminorPartnership in London, Toronto and Sydney empowering women to enter workplace from positions of disadvantage by providing professional clothing, styling, interview coaching and ongoing support. Pacific Life Re runs career development days and volunteers with the charity.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Pacific Life Re competitors and assessment
Company assessmentDirect peers
- PartnerRe: Multi-line global reinsurer with Life and Health capabilities alongside P&C. Overlaps with Pacific Life Re in mortality, longevity and critical illness reinsurance, particularly in Europe and Asia.
- SCOR: Global reinsurer with a dedicated Life & Health division offering protection, longevity and financial solutions. Directly comparable on longevity swap capabilities and Asia-Pacific presence, though with broader P&C diversification than Pacific Life Re.
- Swiss Re: Top-tier global reinsurer with a sizeable L&H Reinsurance unit offering mortality, longevity and financial solutions. Competes head-to-head with Pacific Life Re on large pension risk transfer, longevity hedges and asset-intensive reinsurance; the CEO David Howell's prior career at Swiss Re underscores the talent overlap.
- Canada Life Re: Life reinsurance division of Canada Life (Great-West Lifeco) offering annuity reinsurance and longevity risk transfer. Comparable niche focus on longevity and pension risk transfer, particularly in the UK, Ireland and North America markets.
- Munich Re: The world's largest reinsurer with a substantial Life and Health reinsurance division covering mortality, longevity and critical illness. Directly competes with Pacific Life Re for large longevity swaps, block reinsurance deals and Capital Solutions mandates across Europe, Asia and North America.
- Hannover Re: Major global reinsurer with strong Life & Health reinsurance franchise offering mortality, longevity, critical illness and financial solutions. Directly comparable product set and cedent base to Pacific Life Re, particularly in European longevity and Asia-Pacific protection.
- Reinsurance Group of America (RGA): Pure-play life reinsurer with global operations across the US, EMEA, Asia and Latin America offering mortality, longevity, critical illness and financial reinsurance. Closest single-line life reinsurance comparable to Pacific Life Re in scale, product mix and geographic diversification.
- Gen Re (Berkshire Hathaway Reinsurance): Berkshire Hathaway-owned reinsurer with a sizable Life/Health division offering individual and group life reinsurance, critical illness, disability and longevity solutions. Competes directly with Pacific Life Re in North American retrocession and in European protection reinsurance.
Broad incumbents
- Aetna (CVS Health) Reinsurance Operations: While primarily a health insurer, Aetna's group insurance division historically cedes life and disability reinsurance and participates in the same cedent/supplier ecosystem as Pacific Life Re. Useful comparable for understanding U.S. group reinsurance market dynamics.
Others
- Pacific Life (Parent): Mutual life insurance company that owns Pacific Life Re. Not a competitor but the parent whose ~160 year history, mutual structure and capital base underwrite Pacific Life Re's AA- rating and long-duration capacity. Key strategic and capital counterparty rather than peer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Pacific Life Re social profiles
Digital presencePacific Life Re compliance and trust
Trust signalCompliance1 record
Pacific Life Re financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pacific Life Re leadership team
Management profileNumber of profiles
Profiles25 records
Pacific Life Re subsidiaries and ownership
Company hierarchySubsidiaries1 record
Pacific Life Re funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pacific Life Re M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pacific Life Re
What does Pacific Life Re do?
Pacific Life Re is a global life reinsurer providing reinsurance solutions across three core lines: Protection (mortality, critical illness, disability, medical risk), Savings & Retirement (longevity and funded reinsurance including pension risk transfer), and Capital Solutions (balance sheet optimization and inforce monetization). It also licenses its proprietary UnderwriteMe technology platforms (Decision Platform and Protection Platform) and the Ocean underwriting manual to insurers and distributors worldwide.
Is Pacific Life Re a public or private company?
Pacific Life Re is a private company. It is classified as corporate owned and is currently operating.
When was Pacific Life Re founded?
Pacific Life Re was founded in 2008. It employs 501 to 1,000 people.
Where is Pacific Life Re based?
Pacific Life Re is headquartered in Hamilton, Bermuda.
How does Pacific Life Re make money?
Four revenue lines are on record. Reinsurance Premiums are the primary driver. The others are technology Licensing (UnderwriteMe), capital Solutions Fees and longevity Risk Transfer.
Who are Pacific Life Re's main competitors?
Direct peers on record are PartnerRe, SCOR, Swiss Re, Canada Life Re, Munich Re, Hannover Re, Reinsurance Group of America (RGA) and Gen Re (Berkshire Hathaway Reinsurance). Aetna (CVS Health) Reinsurance Operations is listed as a broad incumbent. Pacific Life (Parent) is listed as an others.
Does Pacific Life Re have an API?
No public API is recorded for Pacific Life Re.
What industry is Pacific Life Re in?
Pacific Life Re's product category is Life Reinsurance. Its primary akta.pro industry code is FSAOAEAA, Life Treaty Reinsurance, with a secondary code of FSAIANAC, Longevity Reinsurance. Its NAICS code is 524130 and its SIC code is 6311.