Edition:
United Kingdom

RGA Announces Annuity In-Force Block Transactions


Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Reinsurance Group of America Inc ::RGA ANNOUNCES ANNUITY IN-FORCE BLOCK TRANSACTIONS WITH JOHN HANCOCK AND REINSURANCE TRANSACTIONS WITH MANULIFE CANADA.REINSURANCE GROUP OF AMERICA - IN AGGREGATE, ABOUT $3 BILLION OF STATUTORY RESERVES WILL TRANSFER TO RGA ALONG WITH A DIVERSIFIED PORTFOLIO OF ASSETS.REINSURANCE GROUP OF AMERICA-UNIT ACQUIRED IN-FORCE BLOCK OF INDIVIDUAL PAYOUT ANNUITIES, AGREED TO REINSURE 2ND BLOCK OF SIMILAR BUSINESS CONTRACTED IN NY.REINSURANCE GROUP OF AMERICA INC - ADDITIONAL TERMS OF TRANSACTIONS ARE NOT BEING DISCLOSED.. 

Company Quote

158.21
1.07 +0.68%
18 Jul 2019