The insurer calls the transaction the largest of its kind in Canada.
Moncton-based mutual grew its earnings.
In its latest bulletin, the Property and Casualty Insurance Companies of Canada conducted an analysis of financial resul
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Impact of revised Life Insurance Capital Adequacy Test guidelines also examined.
The insurer describes the reinsurance operation as the largest ever LTC reinsurance transaction.
An international compilation reveals 547 insurers went bankrupt between 2000 and 2022.