Manulife Financial Corp. has closed the second multibillion-dollar reinsurance deal in the past two years for its long-term care business, even as such transactions remain rare across the industry. The Canada-based insurer's US subsidiaries of John Hancock will cede approximately $1.9 billion in long-term care (LTC) liabilities to Reinsurance Group of America Inc. (RGA), accord...
READA blowout year for individual annuity production in 2024 will lead to the strongest growth for the US life insurance industry in more than two decades, but it will also create a high hurdle for future expansion in a lower interest rate environment. ➤ We have opted to err on the side of conservatism in the S&P Global Market Intelligence 2024 US Life and Annuity Market Report, pr...
READProspects for attractive risk-adjusted returns led US life insurers to incrementally accelerate their investments in mortgage loans during the second quarter even as they continue to face questions about the risks associated with their exposure to certain embattled property types. ➤ Data compiled by S&P Global Market Intelligence show that the aggregate value of mortgage loans ...
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