Agam Capital Advises Prismic Life on Signing of Agreement to Reinsure $5B Japanese Whole Life Block

TEANECK, N.J. & HAMILTON, Bermuda--(BUSINESS WIRE)--Agam Capital (“Agam”), a global leader in insurance-related asset and liability analytics, advised Prismic Life (“Prismic”), a Bermuda-based life and annuity reinsurance company, on the signing of an agreement to reinsure approximately $5 billion of reserves backing USD-denominated Japanese whole life insurance policies.

This strategic engagement leveraged Agam’s unique pALM analytical platform and insurance transaction structuring capabilities to support Prismic with end-to-end transaction pricing support, including ALM modeling, hedging optimization, investment portfolio selection, and projected capital considerations.

“This transaction represents an important milestone in the continued growth of Prismic’s reinsurance platform,” said Nandini Mongia, Group Executive Chair and CEO of Prismic. “We are grateful for Agam’s collaborative partnership and valuable support since the founding of the company to date, and now including on this transaction. They have been important partners enabling management to deliver on Prismic’s stakeholders’ value proposition.”

Agam’s Co-Founders, Chak Raghunathan and Avi Katz, said, “We are pleased to have delivered our firms’ capabilities to support Nandini Mongia and the entire Prismic leadership team on this milestone transaction. It is a good reflection of how we build strong partnerships and have strategically engaged with Prismic to support their growth into one of the leading Bermuda-based reinsurance platforms.”

About Agam Capital

Agam is a global leader in insurance-related asset and liability analytics. Founded in 2016, Agam operates the pALM ecosystem, a differentiated analytical platform for balance sheet optimization across the insurance industry. This proprietary Asset Liability Management (ALM) platform supports Agam's strategic partners in exceeding their capital and growth targets. With a fully embedded Dynamic Strategic Asset Allocation (DSAA) and Enterprise Risk Management (ERM) infrastructure, pALM supports Agam’s ability to offer one stop, turnkey insurance solutions to global clients in various regulatory jurisdictions.

Agam’s team of experts have a global reach with offices in the USA, Canada, Bermuda, India, and Japan. In addition, Agam ISAC Bermuda, which offers a comprehensive suite of operational, management and governance services to Bermuda based reinsurers, is fully licensed as a Class E insurer by the Bermuda Monetary Authority (BMA).