RGA Announces US$4.1 Billion Coinsurance Transaction With Manulife
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Reinsurance Group of America (RGA) has entered into a $4.1 billion coinsurance transaction with John Hancock, a subsidiary of Manulife. The deal involves reinsurance of $1.9 billion in long-term care and $2.2 billion in structured settlements.
November 20, 2024 | 10:00 pm
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RGA has announced a significant $4.1 billion coinsurance transaction with John Hancock, enhancing its portfolio with $1.9 billion in long-term care and $2.2 billion in structured settlements.
The transaction significantly increases RGA's reinsurance portfolio, indicating potential growth and stability. The deal's size and strategic nature suggest a positive impact on RGA's stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90