Canada Life Reinsurance signs €4.7bn longevity deal with Athora Netherlands

Canada Life Reinsurance said that it has signed a long-term longevity reinsurance deal with Athora Netherlands that covers €4.7 billion of in-force liabilities and 104,500 in-payment and deferred policies.

Athora Netherlands is the Dutch subsidiary of European insurance and reinsurance group Athora.

Jeff Poulin – Global Head of Canada Life Reinsurance said: “We are pleased to build and grow our relationship with Athora Netherlands with this major reinsurance agreement.

“It demonstrates our ability to work together with our partners to meet their reinsurance needs and adapt our solutions to their needs over time.”

Canada Life Reinsurance provides a variety of risk and capital management solutions for life, health, and non-life risk to insurance and reinsurance companies, and pension funds across the world.