Manuvie annonce une opération de réassurance en soins de longue durée de 3,2 milliards de dollars avec Munich Re
Manulife announced a $3.2 billion CAD long-term care (LTC) reinsurance transaction with Munich Re Life US, transferring the full biometric risk on the block of reserves to reduce its exposure. This marks Manulife's third LTC reinsurance deal in three years and will reduce the company's cumulative LTC morbidity sensitivity by 24% while validating its reserving assumptions.
Key figures
- Ltc reserves cad
- 3.2 milliards de dollars
- Pricing variance percent
- -5%
- Annual earnings impact cad
- 30 millions de dollars
- Ltc risk reduction cumulative
- 24%
AI analysis
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