Manulife Closes Long-Term Care Reinsurance Transaction with Munich Re
Manulife has closed its previously announced reinsurance transaction ceding long-term care biometric risk on a block with $3.2 billion of reserves to Munich Re Life US. The reinsurance is effective July 1, 2026, structured as an 80% quota share of the IFRS 17 reserve on the block.
Key figures
- Quota share
- 80%
- Effective date
- July 1, 2026
- Ltc reserves ceded
- C$3.2 billion
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