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Reinsurance News

Great-West Lifeco

Protective completes reinsurance transaction with Great-West Lifeco

4th June 2019

Great-West Lifeco Inc. subsidiary, Great-West Life & Annuity Insurance Company (GWL&A) has completed the sale, via reinsurance of all of its individual life insurance and annuity business to Protective Life Insurance Company, a subsidiary of Protective Life Corporation. The transaction was previously announced on January 24th, 2019 and the business sold includes bank-owned ... Read the full article

Great-West Lifeco estimates HIM losses of $175 million

31st October 2017

Great-West Lifeco Inc. has said that hurricanes Harvey, Irma, and Maria will result in a combined after-tax reinsurance loss of $175 million for the company, which will be included in its third-quarter results. Great-West Lifeco provides property catastrophe protection to reinsurers through its subsidiary, London Reinsurance Group Inc., making it exposed to ... Read the full article

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