Manulife Completes Long-Term Care Reinsurance Deal with Munich Re
Manulife Financial Corporation has completed the reinsurance of biometric risk on a block of long-term care policies, transferring $3.2 billion in reserves to Munich American Reassurance Company (Munich Re Life US), a subsidiary of Munich Re Group. The transaction was previously announced and became effective July 1, 2026. Manulife is a global financial services provider operating under the Manulife brand across Canada and Asia, as well as John Hancock in the U.S. It offers insurance, health solutions, investment products, and retirement planning to millions of customers worldwide. The deal with Munich Re Life US reflects its strategy for managing risk exposure. Munich Re Life US is a major player in life and disability reinsurance within the United States, known for innovation and digital transformation. This transaction supports Manulife's capital efficiency goals while leveraging Munich Re’s extensive technical expertise.
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Topics: long-term care policies Manulife Financial Corporation Munich Re Life US reinsurance