: Manulife to buy back $1.2B in stock as part of $13B reinsurance deal with Global Atlantic

<p>Manulife Financial Corp. MFC said Monday it agreed to have Global Atlantic reinsure $13 billion of its reserves across four legacy/low return-on-equity blocks. The company plans to buy back $1.2 billion in stock as part of the deal. The blocks include portions of U.S. long-term care (LTC), U.S. structured settlements, and two Japan whole life […]</p>
<p>The post <a href="https://forextv.com/market-news/manulife-to-buy-back-1-2b-in-stock-as-part-of-13b-reinsurance-deal-with-global-atlantic/">: Manulife to buy back $1.2B in stock as part of $13B reinsurance deal with Global Atlantic</a> appeared first on <a href="https://forextv.com">ForexTV</a>.</p>