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 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