Canada Life Reinsurance announced March 18 that it has recently entered into a long-term longevity reinsurance agreement with Dutch insurer Athora Netherlands. The deal covers €4.7 billion of in-force liabilities and 104,500 in-payment and deferred policies.
The agreement affirms Canada Life Reinsurance's strength as a partner for longevity reinsurance transactions globally, says Jeff Poulin, Global Head of Canada Life Reinsurance.
"We are pleased to build and grow our relationship with Athora Netherlands with this major reinsurance agreement," he says. "It demonstrates our ability to work together with our partners to meet their reinsurance needs and adapt our solutions to their needs over time."
