Japan Post Insurance and SCOR sign MOU Regarding the Ceding (Retrocession) of “Postal Life Insurance Policies” and Investment in a Reinsurance Vehicle Established by SCOR

Japan Post Insurance and SCOR have signed a Memorandum of Understanding to establish a reinsurance vehicle for risk management. Under the agreement, Japan Post Insurance will cede underwriting risks from its Postal Life Insurance policies to SCOR, and both parties will invest in the reinsurance vehicle to achieve risk diversification benefits. The transaction is subject to final agreement and regulatory approvals.