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Manulife Financial To Reinsure $13 Billion Of Reserves To Global Atlantic

Manulife Financial To Reinsure $13 Billion Of Reserves To Global Atlantic

Manulife Financial Corp. (MFC, MFC.TO) announced Monday it has agreed to reinsure $13 billion of reserves across four legacy/low ROE blocks, including $6 billion, or 14% of total long-term care (LTC) reserves, to Global Atlantic and its partners.
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