At a glance
- Sumitomo Life's US subsidiary, Symetra Financial, will lead the search for US opportunities, President Yukinori Takada told Bloomberg News.
- Chariot Re, a Bermudian life reinsurer, completed a $1.6bn retrocession with MetLife Reinsurance Company of Hamilton.
- Invesco Real Estate said its 2026 commercial real estate loan originations have reached $5bn, after $4bn last year.
Sumitomo Life has set aside as much as ¥1 trillion to invest in the United States and Southeast Asia.
Sumitomo Life's US subsidiary, Symetra Financial, will lead the search for US opportunities, President Yukinori Takada told Bloomberg News.
President Yukinori Takada named Singapore's Income Insurance as a possible target for the Asian leg.
Elsewhere in the week
Chariot Re, a Bermudian life reinsurer, completed a $1.6bn retrocession with MetLife Reinsurance Company of Hamilton. The agreement took effect on 30 September and covers Japanese whole life and annuity policies denominated in US dollars. It is the fourth deal for Chariot Re since its launch.
Invesco Real Estate said its 2026 commercial real estate loan originations have reached $5bn, after $4bn last year. The manager says bridge, mezzanine and other structured credit can reach past investment-grade mortgages for insurer general accounts.
Reported by The Wrap desk from Bloomberg News and Insurance Capital Daily week coverage. Published . Corrections
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