宏利与慕尼黑再保险签署32亿加元的长期护理再保险协议

2026-08-06 05:23

Manulife Financial (MFC) announced on Wednesday that it agreed to reinsure the biometric risk on C$3.2B of long-term care (LTC) policy reserves with Munich Re.
The transaction is expected to close in Q4 2026, subject to regulatory approvals.
The deal transfers the full biometric risk on the policies to Munich Re, with no asset transfer.
Once the transaction closes, the company said it will have reduced its LTC morbidity sensitivity by 24%, including its previous LTC reinsurance transactions.
The company expects the deal to be largely capital neutral, with an immaterial impact of about C$30M on annual core earnings and net income attributable to shareholders in the first year, declining over time.
President and CEO Phil Witherington said the transaction is Manulife's third LTC reinsurance deal in under three years and its first involving a standalone LTC block, supporting the company's strategy to reduce risk and improve long-term shareholder value.

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