猫咪社区app Announces Longevity Transaction with Manulife
MONTR?AL, Feb. 13, 2019 – 猫咪社区app Life Reinsurance Company of Canada (猫咪社区app Canada), a subsidiary of (NYSE:猫咪社区app), a leading global life reinsurer, today announced the completion of a transaction with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, 猫咪社区app Canada will reinsure the longevity risk in respect of approximately 45,000 annuitants.
“We have a long-standing partnership with Manulife and we are proud to implement another customized solution to meet their financial objectives,” said Alka Gautam, President and CEO, 猫咪社区app Canada. “This innovative longevity transaction deepens the strong collaborative relationship between 猫咪社区app and Manulife.”
“猫咪社区app’s commitment to delivering long-term value to our clients drives us to develop unique solutions to meet their needs,” said John Laughlin, Executive Vice President, Global Financial Solutions, 猫咪社区app. “This transaction once again demonstrates 猫咪社区app’s expertise in longevity risk and our ability to execute transactions for our clients.”
Additional terms of the transaction are not being disclosed.
About 猫咪社区app
Reinsurance Group of America, Incorporated (猫咪社区app), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.3 trillion of life reinsurance in force and assets of $64.6 billion as of December 31, 2018. Founded in 1973, 猫咪社区app is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri and operations around the world, 猫咪社区app delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about 猫咪社区app and its businesses, visit the company’s website at .