The Munich Re transaction covers biometric risk on a block with C$3.2bn of reserves at an 80% quota share.
Global insurance editorial desk AI-assisted brief · Source checkedSource published Included in the first edition of 7 October 2026
Manulife announced on 1 October that it had closed its previously announced long-term care transaction with Munich American Reassurance Company, part of Munich Re.
The deal reinsures biometric risk. Manulife reports C$3.2 billion of IFRS reserves at an 80% quota share, using its 30 June position. The reinsurance takes effect from 1 July 2026.
The reserve amount is in Canadian dollars. It is not the purchase price or the size of a cash payment.
AM Best affirmed the 'A' (Excellent) financial strength rating of Barbados-based Active Capital Reinsurance, with a stable outlook, Middle East Insurance Review reported.