Phil Witherington

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Manulife closes $3.2 billion long-term care reinsurance deal with Munich Re

Leading Manulife's long-term care de-risking program

Manulife handed Munich Re the biometric risk on C$3.2 billion of long-term care reserves in a deal that closed Oct. 1. Munich Re now carries the morbidity, mortality and lapse risk on that block, while Manulife keeps the invested assets backing it.

Updated 1 hour ago