Global atlantic closes $10 billion block reinsurance transaction with manulife across both us and japan business

New york--(business wire)--global atlantic financial group (“global atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced the closing of its $10 billion reinsurance transaction with manulife financial corporation (nyse: mfc). the transaction, signed and previously announced between subsidiaries of the two companies last december, reinsures a seasoned and diversified block of manulife's life, annuity, and long-ter.
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