Agam Capital signs multi-year services agreement with Sompo Life Re

Agam Capital has entered into a multi-year services agreement with Sompo Life Re to provide operational, financial, actuarial and asset-liability management support for the Bermuda-based life reinsurer as it builds out its platform.

Under the agreement, Agam will provide financial, actuarial and risk management services to Sompo Life Re’s management team, as well as support the evaluation of the company’s strategic asset allocation.

Agam also worked with Life Re during its establishment, collaborating across a range of activities to build its operational capabilities and support the licensing of the Bermuda-domiciled reinsurer.

The services agreement formalises the relationship between the two companies following the launch of the new platform.

Agam co-founders Chak Raghunathan and Avi Katz said: “We are gratified to be working with the accomplished Life Re team on this exciting new reinsurance platform. Globally, our expanded platform and resources are well positioned to enable Life Re to continue to succeed in the execution of its strategic initiatives.”

Tetsuya Morito, director and chief executive officer of Sompo Life Re, said: “We are pleased to have the support of Agam’s specialist talent and infrastructure as we establish this new capability for Sompo. It provides a strong foundation for us to build upon.”

Satyan Sawhney, director and chief operating officer of Sompo Life Re, added: “Working with Agam in recent months has been highly effective and efficient enabling us to demonstrate strong governance and advanced capabilities at launch.”

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