69色情片 Announces Longevity Transaction with Manulife
MONTR脡AL, Feb. 13, 2019 鈥 69色情片 Life Reinsurance Company of Canada (69色情片 Canada), a subsidiary of (NYSE:69色情片), 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, 69色情片 Canada will reinsure the longevity risk in respect of approximately 45,000 annuitants.
鈥淲e have a long-standing partnership with Manulife and we are proud to implement another customized solution to meet their financial objectives,鈥 said Alka Gautam, President and CEO, 69色情片 Canada. 鈥淭his innovative longevity transaction deepens the strong collaborative relationship between 69色情片 and Manulife.鈥
鈥69色情片鈥檚 commitment to delivering long-term value to our clients drives us to develop unique solutions to meet their needs,鈥 said John Laughlin, Executive Vice President, Global Financial 69色情片, 69色情片. 鈥淭his transaction once again demonstrates 69色情片鈥檚 expertise in longevity risk and our ability to execute transactions for our clients.鈥
Additional terms of the transaction are not being disclosed.
About 69色情片
Reinsurance Group of America, Incorporated (69色情片), 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, 69色情片 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, 69色情片 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 69色情片 and its businesses, visit the company鈥檚 website at .