Financial Services

Manulife Financial Corporation in its largest Canadian Universal Life reinsurance transaction valued at $5.8 billion

Manulife Financial Corporation
Key Contact
Victoria Graham

Partner, Corporate, Toronto

Team
Lisa Mantello

Partner, Financial Services, Toronto

Rick Fullerton

Partner, Financial Services, Toronto

Jasmyn Lee

Associate, Financial Services, Toronto

Neil Rosen

Associate, Corporate, Toronto

Jeremy Wu

Associate, Corporate, Toronto

Patrick Marley

Partner, Tax, Toronto

Taylor Cao

Associate, Tax, Toronto

On March 25, 2024, Manulife Financial Corporation announced its agreement to reinsure $5.8 billion of reserves of law ROE Canadian Universal Life Block to RGA Life Reinsurance Company of Canada. This represents the largest Universal Life reinsurance transaction within the Canadian insurance industry.

Manulife Financial Corporation is a leading Canadian financial service provider.

Osler, Hoskin & Harcourt LLP advised Manulife Financial Corporation with a team led by Victoria Graham (Financial Services) and consisted of Lisa Mantello, Rick Fullerton, Jasmyn Lee, Neil Rosen, Malcolm Peck-McQueen, Anexhela Adhamidhis and Jeremy Wu, Pat Marley and Taylor Cao (Tax).

Value
$5.8 billion
Date Announced
Mar 25, 2024
Lead Office
Toronto
Key Contact
Victoria Graham

Partner, Corporate, Toronto

Team
Lisa Mantello

Partner, Financial Services, Toronto

Rick Fullerton

Partner, Financial Services, Toronto

Jasmyn Lee

Associate, Financial Services, Toronto

Neil Rosen

Associate, Corporate, Toronto

Jeremy Wu

Associate, Corporate, Toronto

Patrick Marley

Partner, Tax, Toronto

Taylor Cao

Associate, Tax, Toronto