Pacific Life Re’s capital solutions division did not exist 12 months ago. It has since closed a €4 billion deal in the Netherlands and now has a 30-year industry veteran leading its European operations.
Florence Durousseau joins as head of capital solutions, Europe. She brings more than 30 years of life and health reinsurance experience to a division that has been operating for less than a year.
Durousseau is a qualified actuary. She has held senior roles at Munich Re, Arch Re and Hannover Re, where she led business development and financial solutions work across multiple regions.
The capital solutions unit she is joining was formed in June 2025. Pacific Life Re moved Andrew Murphy from leading its Europe and North America protection business to become managing director of the newly created division.
The move signalled the company’s intention to build capital solutions as a dedicated global practice rather than a function within existing product lines.
Durousseau’s appointment comes as European insurers face growing pressure to manage capital under Solvency II requirements. Pacific Life Re said the role will focus on reducing balance sheet volatility and building capacity for growth.
The regulatory pressure behind that demand now has names and deadlines attached to it.
The International Association of Insurance Supervisors (IAIS) has set a 2026–2027 supervisory roadmap focused on structural shifts in life insurance. Supervisors will scrutinise increased use of asset-intensive reinsurance and higher allocations to alternative assets.
The European Insurance and Occupational Pensions Authority (EIOPA) has also updated Solvency II guidelines, adding greater weight to sustainability and cyber risk. For reinsurers with active capital solutions practices, this environment creates both complexity and demand.
Michelle Moloney, executive vice-president of capital solutions at Pacific Life Re, said demand for the company’s approach is clear.
“Insurers are looking for practical solutions that strengthen resilience and create capacity for growth,” she said. “We have been very successful in 2025 and into 2026 across Europe, Asia, and North America – a clear signal of demand for a tailored, client-led approach.”
The European deal activity behind that claim is substantial. In March 2026, Pacific Life Re closed a €4 billion longevity reinsurance transaction with Achmea Pension and Life Insurance in the Netherlands, its largest in that market and its fourth in Continental Europe.
The deal added approximately 49 percentage points to Achmea’s Solvency II ratio. This figure shows the scale of balance sheet impact that well-structured capital solutions can deliver.
Andrew Murphy said execution and client outcomes remain the priority: “What matters to clients is impact and execution and providing solutions that deliver clear balance sheet outcomes closely aligned to their business strategy and priorities.”
Durousseau said she was drawn to the team’s progress and client focus.
“I’m excited to join Pacific Life Re at a time when insurers are navigating increasingly complex capital and reporting pressures,” she said. “From the outset, I was impressed by Pacific Life Re’s commitment to innovation, the team’s client orientation, and the success the team has already achieved.”
Pacific Life Re is the reinsurance arm of Pacific Life, a mutual company headquartered in Newport Beach, California. Its capital solutions business operates across Europe, Asia and North America.
