Life insurance company
Appears in 1 story · Last updated Oct 20, 2026
Toronto-based insurer shedding legacy long-term care risk
Manulife closed its C$3.2 billion long-term care reinsurance deal with Munich Re on Oct. 1. Munich American Reassurance Company takes an 80% quota share of the biometric risk, effective retroactively from July 1, 2026. Manulife keeps the invested assets and still administers the policies.
Updated Oct 20
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