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 […]
MIB Group Holdings, a provider of data, insights, and digital solutions to the life insurance industry, has agreed to acquire APEXA from a subsidiary of Reinsurance Group of America (RGA). The financial terms of the deal were not disclosed. APEXA is a Canadian contracting and compliance service provider that serves life insurance advisors, managing general […]
Reinsurance Group of America, a life and health reinsurer, has agreed to acquire Hodge Life Assurance (HLAC), the PRA authorized life insurance company of Welsh banking group Hodge. The financial terms of the deal were not disclosed. Hodge Life Assurance has annuity liabilities of around £570 million ($780 million). Larry Carson – Executive Vice President, […]
