13.7 C
New York
Monday, April 15, 2024

World Atlantic completes $10bn reinsurance cope with Manulife

Insurance coverage firm World Atlantic Monetary Group has closed its $10bn reinsurance cope with Manulife.

Beforehand introduced in December, the transaction reinsures a seasoned and diversified block of Manulife’s life annuity and long-term care insurance coverage enterprise that started within the US and Japan.

As well as, that is the third block transaction World Atlantic has executed with Manulife and can also be World Atlantic’s first block reinsurance transaction in Japan.

Moreover, World Atlantic additionally closed on the retrocession of 100% of the long-term care insurance coverage dangers to a extremely rated third-party world reinsurance accomplice.

With this deal, the agency advances as a reinsurer of alternative within the life insurance coverage market, each within the US and internationally.

The corporate has established a 20-year monitor report, efficiently finishing greater than 40 transactions with almost 30 shoppers and reinsuring greater than $140bn of belongings since inception.

Entry probably the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.

Firm Profile – free


Your obtain e-mail will arrive shortly

We’re assured in regards to the
high quality of our Firm Profiles. Nevertheless, we would like you to take advantage of
choice for your small business, so we provide a free pattern that you may obtain by
submitting the under kind

By GlobalData

US non-public fairness firm KKR accomplished the acquisition of the remaining 37% stake in insurance coverage firm World Atlantic in January 2024.

Introduced in November 2023, the all-cash $2.7bn deal takes KKR’s possession within the insurer to 100%. 

World Atlantic caters to the retirement and life insurance coverage necessities of each people and establishments.  

KKR initially acquired a majority stake in World Atlantic in 2021 and has since managed its belongings. 

Regardless of the change in possession, World Atlantic will retain its present administration crew and proceed to function underneath the identical model title. 

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles