Kuvare Holdings, a technology-enabled financial services platform that provides insurance, reinsurance and asset management solutions, has closed three additional strategic reinsurance transactions over the past two quarters.

These deals bring Kuvare’s total completed reinsurance transactions to ten, and Kuvare now faces seven different highly rated counterparties.

These three most recent transactions represent an initial expansion of Kuvare’s reinsurance solutions into international markets, building upon steady multi-year growth of existing core capabilities in the US reinsurance market.

These three additional transactions include:

• Two forward-flow arrangements, each with a separate highly rated Japanese life insurer that has introduced new fixed annuity products for retail sales to Japanese consumers

• One block transaction representing reinsurance of in-force annuities issued by a large, highly rated multinational carrier in US dollars, from its Hong Kong platform

Kuvare founder and chief executive Dhiren Jhaveri said: “Markets in Asia are strategically important to Kuvare, which we view as a strong opportunity for the Kuvare organisation to apply our expertise as a trusted reinsurance partner.

“Kuvare’s core focus, of providing financial solutions to middle-market consumers, can be especially impactful to those facing limited investment options in the current Japanese market with near-zero yields.”

Kevin Hovi, president of Kuvare Life Re Ltd (Bermuda), added: “Expansion into Japan and Hong Kong, through the collection of transactions we are announcing today, reflects the strength and maturity of our institutional markets vertical.”