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Manulife Financial Corporation has agreed to reinsure CAD 5.8 billion (USD 4.4 billion) of reserves of low ROE Canadian universal life block to RGA Life
The deal with RGA Life Reinsurance Company of Canada is expected to generate $800-million of capital, which Manulife intends to use for share buybacks, it said.
Manulife struck another deal to offload some less-profitable assets, releasing $800 million in capital earmarked for share buybacks. Read on
The transaction will also allow the insurer to sell $600-million of alternative long-duration assets that were backing life insurance contracts
Leading global travel service provider Trip.com Group is embracing new trends and opportunities in the post-pandemic travel landscape, with its CEO Jane Sun ...