Reinsurance News

Manulife

Manulife hires Aravind Srinivas as Chief Risk Officer, Asia

10th May 2022

Canadian multinational insurer Manulife has appointed Aravind Srinivas as its new Chief Risk Officer, Asia and Head of Global Product and Insurance Risk Management. His appointment is effective as of May, 9 2022. Within his new role, Srinivas will jointly report to Anil Wadhwani, President & CEO, Asia, and Rahim Hirji, Global Chief ... Read the full article

Venerable & Manulife close $22bn variable annuity reinsurance transaction

1st February 2022

Manulife Financial Corporation's subsidiary, John Hancock Life Insurance Company (U.S.A.), has completed its previously announced $22 billion reinsurance transaction with Corporate Solutions Life Reinsurance Company, a subsidiary of Venerable Holdings, Inc. The arrangement see Venerable reinsure roughly $22 billion of variable annuity business from Manulife's U.S. subsidiary John Hancock. On a pro ... Read the full article

Venerable in $22bn reinsurance deal with Manulife

16th November 2021

Venerable Holdings, Inc., a provider of risk transfer solutions to variable annuity issuers, has announced a transaction with Manulife Financial Corporation to reinsure approximately $22 billion of variable annuity business from its US subsidiary John Hancock. The reinsured business primarily comprises contracts with guaranteed minimum withdrawal benefits (GMWB), issued between 2003 ... Read the full article

Manulife partners with digital health platform dacadoo

25th March 2020

Canadian multinational insurer Manulife has announced a collaboration with dacadoo, a Swiss-based digital health platform provider, to enhance its digital offerings in Asia. Under this new partnership, dacadoo will strengthen Manulife’s existing health engagement platform, ManulifeMOVE, to help customers understand their health and develop better habits. “We are delighted to be partnering ... Read the full article

Manulife partners with insurtech Blink on parametric flight insurance

27th August 2019

Canadian multinational insurer Manulife has signed an agreement that will see a suite of parametric travel disruption insurance solutions, provided by travel insurtech Blink, to its customers. Blink's solutions offer a real-time service designed to ease the stress of a flight delay or cancellation by providing instant payment when a flight ... Read the full article

PartnerRe strikes second longevity reinsurance deal with Manulife

14th May 2019

Bermudian reinsurer PartnerRe has completed a second deal with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk for an in-force block of Canadian individual payout annuities. The announcement follows an earlier transaction with Manulife this year, which saw PartnerRe reinsure the longevity risk of roughly 25,000 annuitants. The new ... Read the full article

PartnerRe strikes deal with Manulife to reinsure longevity risk of 25,000 annuitants

14th March 2019

Bermuda-based reinsurer PartnerRe has entered into a transaction with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, the deal will see PartnerRe reinsure the longevity risk of roughly 25,000 annuitants. Manulife recently wrapped up a deal with RGA ... Read the full article

RGA strikes deal with Manulife to reinsure longevity risk of 45,000 annuitants

14th February 2019

RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of global life and health reinsurer RGA, has announced the completion of a transaction with The Manufacturers Life Insurance Company (Manulife) that will see it reinsure longevity risk from an in-force block of Canadian group payout annuities. In aggregate, RGA Canada ... Read the full article

Manulife reinsures $8bn of policy liabilities to Jackson National Life

2nd November 2018

Canadian multinational insurer Manulife has announced that its subsidiaries have entered into agreements to reinsure approximately $8 billion of policy liabilities related to legacy U.S group payout annuities to Jackson National Life Insurance Company. This transaction, along with two separate deals announced today, are expected to release a total of ... Read the full article