Canada Life Re provides Athora with €4.7bn longevity reinsurance cover

Canada Life Re provides Athora with €4.7bn longevity reinsurance cover

Canada Life Reinsurance has actually taken EUR 4.7 billion of long-term longevity threat off the hands of life and annuities focused insurance company Athoras European arm in a recent longevity reinsurance arrangement.Canada Life Re participated in the long-lasting durability reinsurance arrangement with Athora Netherlands, the Dutch arm of the insurance provider.
The durability reinsurance deal covers EUR 4.7 billion of in-force liabilities and 104,500 in-payment and deferred policies for Athora, significantly reducing its longevity exposure to benefits receivers living longer than expected.
Jeff Poulin, Global Head of Canada Life Reinsurance, stated the agreement reveals Canada Life Res strength as a partner for durability reinsurance transactions around the world.
” We are pleased to develop and grow our relationship with Athora Netherlands with this significant reinsurance contract,” Poulin said.
” It demonstrates our capability to work together with our partners to meet their reinsurance needs and adjust our options to their needs in time.”
Read about many historic durability swap and reinsurance transactions in our Longevity Risk Transfer Deal Directory.

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