RGA reinsures Manulife longevity risk

Reinsurance Group of America (RGA) has completed a longevity reinsurance deal with Canadian multinational insurance and financial services company Manulife.

RGA's Canadian subsidiary, RGA Life Reinsurance Company of Canada (RGA 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, RGA Canada. “This innovative longevity transaction deepens the strong collaborative relationship between RGA and Manulife.”

John Laughlin, EVP, global financial solutions, RGA, commented: “RGA’s commitment to delivering long-term value to our clients drives us to develop unique solutions to meet their needs. This transaction once again demonstrates RGA’s expertise in longevity risk and our ability to execute transactions for our clients.”

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