Global Atlantic, John Hancock Strike Biggest LTCI Reinsurance Deal Ever
December 12, 2023 by Allison Bell
Global Atlantic has agreed to take responsibility for a block of John Hancock long-term care insurance policies backed by $4.4 billion in reserves through a reinsurance agreement.
The LTCI reinsurance agreement is the biggest ever announced, and executives at John Hancock’s Toronto-based parent, Manulife Financial, said they hoped this deal would lead to more big LTCI reinsurance deal announcements soon.
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Originally Posted at ThinkAdvsior on December 11, 2023 by Allison Bell.
Categories: Industry Articles