Agam Capital, which provides technology-enabled insurance-asset and liability management, has announced the appointment of Kunihiko Iinuma as managing director and CEO of Agam Capital Japan.

Agam operates a licensed Class E insurer through Agam Incorporated Segregated Accounts Company Bermuda under the oversight of the Bermuda Monetary Authority.

The company said Mr Iinuma would lead Agam’s expansion in the Japanese life and retirement markets. The new CEO has expertise in asset-liability management, capital optimisation, derivatives, insurance-linked securities, and reinsurance structuring, and has advised major Japanese life insurers and financial institutions on balance sheet and risk management strategies.

Bermudian-based life reinsurers have seen a strong pipeline of such deals from Japan, worth billions of dollars, enabling Japanese life insurers to offload some of their risk as they deal with the challenges of an ageing population.

Mr Iinuma brings more than 30 years of experience across Japan’s life insurance, investment banking, and reinsurance sectors. He has held senior leadership roles at SBI Life Insurance, RGA Reinsurance Company’s Japan branch, and, most recently, at Howden Re Japan.

Mr. Iinuma said: “Japan’s insurance market is entering a new phase as higher interest rates, evolving capital requirements, and greater ALM complexity increase demand for more integrated solutions.

“Agam Capital’s combination of advanced ALM capabilities and AI-driven analytics provides a differentiated framework for insurers and financial institutions in Japan.”

Agam cofounders Chak Raghunathan and Avi Katz said Mr Iinuma’s “deep experience across life insurance, reinsurance, and capital markets makes him exceptionally well positioned to lead our growth in Japan”.

Kazuhiro Nakatsuka, the former Japanese Minister of State for Financial Services, who last month joined Agam as a strategic adviser, said: “Mr Iinuma’s appointment reflects Agam’s serious long-term commitment to the Japanese market at a time of significant transition within Japan’s insurance and financial sectors.

“As Japan enters a new environment shaped by demographic change, higher interest rates, evolving regulatory frameworks, and increasingly sophisticated ALM requirements, I believe demand for advanced analytical capabilities and integrated risk management solutions will continue to grow.”

Mr Nakatsuka served in the Noda Cabinet, where he oversaw financial regulation and crisis response efforts, helping to strengthen the stability of Japan’s financial system while also contributing to the development of the country’s insurance and investment markets.