Manulife Financial announces $5.4bn reinsurance deal with RGA, including long-term care reserves

By on    General business news  

Manulife Financial announces $5.4bn reinsurance deal with RGA, including long-term care reserves

Manulife Financial Corporation has confirmed a significant $5.4 billion reinsurance agreement with Reinsurance Group of America (RGA), a transaction that includes $2.4 billion of long-term care (LTC) reserves. This deal marks another milestone in Manulife’s strategy to optimize its portfolio, enhance returns, and reduce risk exposure. Transaction highlights The reinsurance arrangement covers two distinct blocks […]

International Flavors & Fragrances to sell pharma solutions unit to Roquette in $2.8bn deal

By on    Pharma Industry News  

International Flavors & Fragrances to sell pharma solutions unit to Roquette in $2.8bn deal

In a strategic move poised to reshape its business landscape, International Flavors & Fragrances Inc (IFF) has announced a definitive agreement to divest its Pharma Solutions division to Roquette, a French powerhouse in plant-based ingredients. The deal, valued at an impressive enterprise value of up to $2.85 billion, benchmarks an enterprise value to EBITDA multiple […]