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# Sompo Himawari Life Transfers Medical Insurance Block to New Bermuda Unit
- URL: https://www.fintechobserver.com/sompo-himawari-life-transfers-medical-insurance-block-to-new-bermuda-unit/
- Published: 2026-08-04T08:27:16.000Z
- Updated: 2026-08-04T08:27:16.000Z
- Author: Norbert Gehrke
- Tags: Insurance, offshore, reinsurance, japan, life insurance

Sompo Holdings has announced that its overseas subsidiary, Sompo Life Re, has secured a reinsurance license from the Bermuda Monetary Authority (BMA) and commenced operations.

As its initial transaction, the newly licensed Bermuda entity has underwritten a portion of Sompo Himawari Life Insurance’s in-force medical insurance portfolio via coinsurance. Under the coinsurance agreement, Sompo Life Re assumes the economic risk of the contracts under the same conditions as the primary insurer. Sompo Holdings noted that the intra-group transaction will not impact existing policyholders or alter customer relationships.

The group expects the deployment of intra-group reinsurance to optimize capital allocation and improve capital efficiency across its domestic life insurance business, ultimately driving broader group value.

### Key Details

- **Entity Name:** Sompo Life Re Ltd.
- **Domicile:** Bermuda
- **Capitalization:** USD $250,000
- **Leadership:** Tetsuya Morito, CEO & Executive Director
- **Core Function:** Underwriting reinsurance cessions from Sompo Group entities

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