Manulife Financial announces landmark LTC reinsurance deal with Global Atlantic
Manulife Financial Corporation has announced a transformative reinsurance transaction with Global Atlantic, a leading insurance provider. This deal, involving the reinsuring of C$13 billion of reserves, including C$6 billion in long-term care (LTC) reserves, represents the largest LTC reinsurance transaction in the insurance industry. Scheduled for an initial period from 2024-2026, with options for extensions, […]
