Pacific Life Re has appointed Kenichi Kim (pictured above) as head of South Korea, where he will lead the company’s operations and business development efforts in the market.
Kim joined Pacific Life Re in 2022 with a focus on expanding the firm’s protection business across Asia. In 2023, he began supporting the South Korea client solutions team to accelerate growth in the region.
His appointment follows more than 15 years in the financial services and reinsurance sectors, with experience in markets including Hong Kong, Japan, and Singapore.
Vasan Errakiah, managing director of protection for Asia at Pacific Life Re, said Kim has demonstrated leadership and delivered results in his prior roles.
“He has built a cohesive client solutions team, and we are confident that his experience and dedication will be key to driving and implementing our strategic growth in South Korea,” Errakiah said.
Further expanding its international reach, Pacific Life Re also completed a €2 billion longevity swap reinsurance agreement with Nationale-Nederlanden (NN Life) in the Netherlands in February. This landmark deal covers a portfolio of in-force individual annuity policies and includes a commitment to reinsure future new business through a flow arrangement.
In April, the reinsurer also appointed Andrew Gilbert and Ben Johnson to senior roles within its expanding Savings and Retirement division in the United Kingdom.
Gilbert has joined as director, individual retirement income. He will be responsible for advancing Pacific Life Re’s reinsurance offerings in the UK retirement space. Gilbert brings over two decades of experience across product development, pricing, and actuarial functions within the savings and retirement sector.
Johnson has taken on the role of director, client solutions, UK. His focus will include reinsurance solutions related to longevity and asset-intensive lines, particularly within the UK pension risk transfer market.
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