{"id":73452,"date":"2019-12-19T03:00:00","date_gmt":"2019-12-19T07:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-canada-life-reinsurance-enters-into-e12bn-longevity-risk-reinsurance-agreement-with-aegon\/"},"modified":"2019-12-19T03:00:00","modified_gmt":"2019-12-19T07:00:00","slug":"english-canada-life-reinsurance-enters-into-e12bn-longevity-risk-reinsurance-agreement-with-aegon","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/english-canada-life-reinsurance-enters-into-e12bn-longevity-risk-reinsurance-agreement-with-aegon\/","title":{"rendered":"Canada Life Reinsurance enters into \u20ac12bn longevity risk reinsurance agreement with Aegon"},"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.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">WINNIPEG, Manitoba<\/span>, <span class=\"xn-chron\">Dec. 19, 2019<\/span> \/CNW\/ &#8211;<i>\u00a0<\/i>Canada Life Reinsurance is pleased to announce that it has recently entered into a long-term longevity reinsurance agreement with Aegon covering \u20ac12 billion of in-force liabilities. Close to 200,000\u00a0of in-payment and deferred pensioners will be reinsured by Canada Life Reinsurance under this agreement.<\/p>\n<p><span class=\"xn-person\">Jeff Poulin<\/span>, Global Head of Canada Life Reinsurance, commented, &#8220;This transaction is the result of a great effort by both our team and Aegon&#8217;s team and highlights Canada Life Reinsurance&#8217;s strength as a partner for reinsurance longevity transactions globally&#8221;.\u00a0 <span class=\"xn-person\">Derek Popkes<\/span>, Chief Operating Officer at Canada Life Reinsurance, added &#8220;We are delighted to grow and diversify our global longevity portfolio by working with Aegon to deliver a transformational longevity transaction tailored to their specific requirements.\u00a0 We will continue to innovate and work in partnership with our valued clients to deliver the best risk transfer solutions matching their objectives.&#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>, 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 Aegon<br \/><\/b>Aegon&#8217;s roots go back 175 years \u2013 to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span>. Today, Aegon is one of the world&#8217;s leading financial services organizations, providing life insurance, pensions and asset management. Aegon&#8217;s purpose is to help people achieve a lifetime of financial security. More information on <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2675840-1&amp;h=130430244&amp;u=http%3A%2F%2Fwww.aegon.com%2F&amp;a=www.aegon.com\" rel=\"nofollow\"><u>www.aegon.com<\/u><\/a><\/u><u>.<\/u><\/p>\n<p><b>About Canada Life Reinsurance <br \/><\/b>Canada Life Reinsurance is a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco Inc. <\/p>\n<p><b>About Great-West Lifeco <br \/><\/b>Great-West Lifeco Inc. (TSX:GWO) 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>, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span> through Canada Life, Empower Retirement, Putnam Investments, and <span class=\"xn-person\">Irish Life<\/span>. At the end of 2018, our companies had approximately\u00a024,200 employees, 240,000 advisor relationships, and thousands of distribution partners \u2013 all serving our more than 31 million customer relationships across these regions.<br \/>Great-West Lifeco and its companies have \u20ac1.1 trillion (approximately <span class=\"xn-money\">C$1.6 trillion<\/span>) * in consolidated assets under administration and are members of the Power Financial Corporation group of companies. <\/p>\n<div>\n<table id=\"convertedTable3c55\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt0 prnsbr0 prnbcc prnsbb0 prnsbl0\">\n<tr>\n<td class=\"prnsbtb0 prnrbrb0 prnvab prnsbtb0 prnpl6 prnsblb0 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">*as at September 30, 2019 <\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>\u00a0<\/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\">WINNIPEG, Manitoba<\/span>, <span class=\"xn-chron\">Dec. 19, 2019<\/span> \/CNW\/ &#8211;<i>\u00a0<\/i>Canada Life Reinsurance is pleased to announce that it has recently entered into a long-term longevity reinsurance agreement with Aegon covering \u20ac12 billion of in-force liabilities. Close to 200,000\u00a0of in-payment and deferred pensioners will be reinsured by Canada Life Reinsurance under this agreement.<\/p>\n<p><span class=\"xn-person\">Jeff Poulin<\/span>, Global Head of Canada Life Reinsurance, commented, &#8220;This transaction is the result of a great&#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":[18],"tags":[],"class_list":["post-73452","post","type-post","status-publish","format-standard","hentry","category-general"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/73452","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=73452"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/73452\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=73452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=73452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=73452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}