Manulife Financial Completes Reinsurance Agreement with Reinsurance Group of America

MT Newswires Live01-02

Manulife Financial (MFC) said Thursday it has closed its reinsurance agreement with Reinsurance Group of America (RGA).

The 5.4 billion Canadian dollar ($3.74 billion) transaction, announced in November, reduces Manulife's LTC reserves by 6% and its morbidity sensitivity by 7%, Manulife Financial had said at the time of deal announcement.

Price: 30.72, Change: +0.01, Percent Change: +0.03

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