Manulife Closes LTC Reinsurance Transaction with RGA
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Manulife has completed a reinsurance transaction with Reinsurance Group of America (RGA) for two blocks of legacy business, including long-term care (LTC). This move is part of Manulife's strategy to validate its LTC reserves and assumptions.
January 02, 2025 | 1:30 pm
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Manulife has completed a reinsurance transaction with RGA, covering two blocks of legacy business, including LTC. This is part of Manulife's strategy to validate its LTC reserves.
The completion of the reinsurance transaction with RGA is a strategic move for Manulife, as it helps validate their LTC reserves and assumptions. This could positively impact investor confidence and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Reinsurance Group of America (RGA) has entered into a reinsurance transaction with Manulife, covering two blocks of legacy business, including LTC. This deal enhances RGA's portfolio.
The reinsurance transaction with Manulife adds to RGA's portfolio, potentially enhancing its business operations and investor perception, which could positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70