Fullerton will provide market insights for Singlife's advisers and customers, while Singlife's network extends Fullerton's reach across B2B and D2C channels.
Wen brings more than 30 years of experience in the reinsurance treaty markets in Taiwan and Guam and will lead Gallagher Re's Taiwan business expansion.
The deal, which is set to be completed in October, covers policy reserves of approx. ¥310bn (US$2.09bn), with Swiss Re retroceding all mortality risk associated with the portfolio
In what it labels as an industry first, the managing general agent has encrypted policies to help prevent the use of policy documents in extortion attempts.
