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

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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 […]

Manulife Financial announces landmark LTC reinsurance deal with Global Atlantic

By on    General business news  

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, […]