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Venerable and Manulife Expand Partnership with New York Reinsurance Transaction

PR Newswire - Mon Oct 3, 2022

WEST CHESTER, Pa., Oct. 3, 2022 /PRNewswire/ -- Venerable Holdings, Inc. ("Venerable"), the leader in providing innovative risk transfer solutions to variable annuity issuers, is pleased to announce the completion of a reinsurance transaction with Manulife Financial Corporation (NYSE: MFC) ("Manulife"). The transaction involves the reinsurance of a block of New York variable annuity business from Manulife's subsidiary John Hancock Life Insurance Company of New York ("John Hancock") and complements the reinsurance transaction that closed between the two parties earlier this year.


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