Manulife inks $9.6 bln reinsurance deal with KKR-backed Global Atlantic to cut risk

Manulife Financial Corp (MFC.TO) is further de-risking its long-term care business by reinsuring C$13 billion ($9.6 billion) of its reserves with KKR & Co (KKR.N)-backed Global Atlantic, with Canada's top insurer planning to buyback shares with the capital released with the deal. The reinsurance…#mfcto #kkrco #manulife #ltc #globalatlantic #costantini #suryanshsharma #goldmansachs
Source: Reuters: Health - Category: Consumer Health News Source Type: news