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޾ֲ Announces Longevity Transaction with Manulife

MONTRÉAL, Feb. 13, 2019 – ޾ֲ Life Reinsurance Company of Canada (޾ֲ Canada), a subsidiary of (NYSE:޾ֲ), 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, ޾ֲ 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, ޾ֲ Canada. “This innovative longevity transaction deepens the strong collaborative relationship between ޾ֲ and Manulife.”

“޾ֲ’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, ޾ֲ. “This transaction once again demonstrates ޾ֲ’s expertise in longevity risk and our ability to execute transactions for our clients.” 

Additional terms of the transaction are not being disclosed.


About ޾ֲ
Reinsurance Group of America, Incorporated (޾ֲ), 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, ޾ֲ 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, ޾ֲ 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 ޾ֲ and its businesses, visit the company’s website at .

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Lynn Phillips
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