Home Insurance Law International Atlantic completes $10bn reinsurance cope with Manulife

International Atlantic completes $10bn reinsurance cope with Manulife

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International Atlantic completes $10bn reinsurance cope with Manulife

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Insurance coverage firm International Atlantic Monetary Group has closed its $10bn reinsurance cope with Manulife.

Beforehand introduced in December, the transaction reinsures a seasoned and diversified block of Manulife’s life annuity and long-term care insurance coverage enterprise that started within the US and Japan.

As well as, that is the third block transaction International Atlantic has executed with Manulife and can also be International Atlantic’s first block reinsurance transaction in Japan.

Moreover, International Atlantic additionally closed on the retrocession of 100% of the long-term care insurance coverage dangers to a extremely rated third-party international reinsurance companion.

With this deal, the agency advances as a reinsurer of alternative within the life insurance coverage market, each within the US and the world over.

The corporate has established a 20-year observe report, efficiently finishing greater than 40 transactions with almost 30 shoppers and reinsuring greater than $140bn of property since inception.

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By GlobalData

US personal fairness firm KKR accomplished the acquisition of the remaining 37% stake in insurance coverage firm International Atlantic in January 2024.

Introduced in November 2023, the all-cash $2.7bn deal takes KKR’s possession within the insurer to 100%. 

International Atlantic caters to the retirement and life insurance coverage necessities of each people and establishments.  

KKR initially acquired a majority stake in International Atlantic in 2021 and has since managed its property. 

Regardless of the change in possession, International Atlantic will retain its present administration group and proceed to function below the identical model title. 


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