Manulife Financial Announces Agreement To Reinsure Biometric Risk On $3.2B Of Long-Term Care Reserves With Munich Re Life US
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Why It Matters
Manulife sold some of its long-term care insurance risk to another company (Munich Re), which means it moved money worries to a partner. This is like sharing the load when something is heavy—watch to see if Manulife becomes steadier and stronger.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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