(English) Canada Life Reinsurance enters into major longevity risk reinsurance agreement with NN Life

WINNIPEG, Manitoba, May 20, 2020 /PRNewswire-HISPANIC PR WIRE/ — Canada Life Reinsurance is pleased to announce that it has entered into a long-term longevity reinsurance agreement with NN Life covering €5.3 billion of in-force liabilities. Close to 82,000 of in-payment defined benefit pensioners will be reinsured by Canada Life Reinsurance under this agreement.

Jeff Poulin, Global Head of Canada Life Reinsurance said this agreement is another example of…