Lincoln cedes $6 billion life reserves block to Talcott
The deal covers roughly $5.8bn of in-force guaranteed universal life statutory reserves plus about $500m of funding agreement business.
Lincoln Financial today said it had agreed a reinsurance transaction with Talcott Financial Group covering roughly $5.8 billion of in-force guaranteed universal life statutory reserves, alongside about $500 million of funding agreement business, in a deal valued at around $6 billion overall.
The ceded guaranteed universal life business represents about 37% of Lincoln’s remaining in-force guaranteed universal life block. Talcott…
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