{"id":57037,"date":"2017-09-14T10:28:00","date_gmt":"2017-09-14T08:30:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-canada-life-reinsurance-enters-into-1-7bn-longevity-risk-reinsurance-agreement-with-mmc-u-k-pension-fund\/"},"modified":"2017-09-14T10:30:03","modified_gmt":"2017-09-14T14:30:03","slug":"canada-life-reinsurance-celebra-acuerdo-de-reaseguro-de-riesgo-de-longevidad-por-1700-millones-con-mmc-u-k-pension-fund","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/canada-life-reinsurance-celebra-acuerdo-de-reaseguro-de-riesgo-de-longevidad-por-1700-millones-con-mmc-u-k-pension-fund\/","title":{"rendered":"Canada Life Reinsurance enters into \u00a31.7bn longevity risk reinsurance agreement with MMC U.K. Pension Fund"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">ST. MICHAEL<\/span>, <span class=\"xn-location\">Barbados<\/span>, <span class=\"xn-chron\">Sept. 14, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Canada Life Reinsurance is pleased to announce that it has recently entered into a long term reinsurance agreement to cover the longevity risk on \u00a31.7 billion of liabilities for approximately 7,500 pensioner members of the Marsh &amp; McLennan Companies (MMC) U.K. Pension Fund. This transaction was written by the <span class=\"xn-location\">Barbados<\/span> Branch of Canada Life via a reinsurance agreement with Guernsey based captive insurer cells managed by Marsh Guernsey.<\/p>\n<p><span class=\"xn-person\">Tom O&#8217;Sullivan<\/span>, General Manager of the <span class=\"xn-location\">Barbados<\/span> Branch of Canada Life commented &#8220;I am pleased to announce this major reinsurance agreement, which reflects our ability to collaborate effectively with the MMC U.K. Pension Fund to create a solution to efficiently hedge their longevity risk.&#8221;\u00a0 <\/p>\n<p><span class=\"xn-person\">Jeff Poulin<\/span>, Global Head of Canada Life Reinsurance, added &#8220;This transaction highlights our expertise in underwriting large, complex and innovative risk transfer initiatives together with the value of our financial strength.&#8221; <\/p>\n<p>Canada Life Reinsurance offers a range of innovative risk and capital management solutions covering mortality, longevity, health and lapse risks for insurers, reinsurers and pension funds across the U.S. and <span class=\"xn-location\">Europe<\/span>. Canada Life Reinsurance continues to\u00a0develop innovative\u00a0reinsurance solutions it offers to insurers and reinsurers in many European markets including <span class=\"xn-location\">the Netherlands<\/span>, the U.K., <span class=\"xn-location\">France<\/span>, <span class=\"xn-location\">Germany<\/span>, <span class=\"xn-location\">Italy<\/span>, <span class=\"xn-location\">Spain<\/span>, <span class=\"xn-location\">Portugal<\/span>, <span class=\"xn-location\">Sweden<\/span>, <span class=\"xn-location\">Belgium<\/span> and <span class=\"xn-location\">Ireland<\/span>. <\/p>\n<p><b>About Canada Life <\/b><\/p>\n<p>Canada Life is part of a group of companies owned by Great-West Lifeco Inc., a diversified financial services holding company headquartered in <span class=\"xn-location\">Winnipeg, Canada<\/span>. Great-West Lifeco and its insurance subsidiaries have received strong ratings from major rating agencies. <\/p>\n<p><b>About Great-West Lifeco <br \/><\/b>Great-West Lifeco Inc. is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. Great-West Lifeco has operations in <span class=\"xn-location\">Canada<\/span>, <span class=\"xn-location\">the United States<\/span> and <span class=\"xn-location\">Europe<\/span> through Great-West Life, London Life, Canada Life, <span class=\"xn-person\">Irish Life<\/span>, Great-West Financial and Putnam Investments. Great-West Lifeco and its companies have \u00a3809 billion (over <span class=\"xn-money\">C$1.3 trillion<\/span>) in consolidated assets under administration as of <span class=\"xn-chron\">June 30, 2017<\/span> and are members of the Power Financial Corporation group of companies. To learn more, visit <a target=\"_blank\" href=\"http:\/\/www.greatwestlifeco.com\/\" rel=\"nofollow\">www.greatwestlifeco.com<\/a>.<\/p>\n<p>Contact: <span class=\"xn-person\">Tom O&#8217;Sullivan<\/span>, F.S.A., F.C.I.A., M.A.A.A., General Manager and Actuary, Canada Life (<span class=\"xn-location\">Barbados<\/span> Branch), T: 246-227-1025 | C: 246-266-8651<\/p>\n<p><\/p>\n<p>SOURCE  Canada Life Reinsurance<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">ST. MICHAEL<\/span>, <span class=\"xn-location\">Barbados<\/span>, <span class=\"xn-chron\">Sept. 14, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; Canada Life Reinsurance is pleased to announce that it has recently entered into a long term reinsurance agreement to cover the longevity risk on \u00a31.7 billion of liabilities for approximately 7,500 pensioner members of the Marsh &amp; McLennan Companies (MMC) U.K. Pension Fund. This transaction was written by the <span class=\"xn-location\">Barbados<\/span> Branch of Canada Life via a reinsurance&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-57037","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/57037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=57037"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/57037\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=57037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=57037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=57037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}