Equitable Agrees to Reinsure 75% of $32B in Individual Life Policies With RGA
Equitable has reached an agreement to reinsure 75% of $32 billion in individual life insurance policies with RGA. The transaction is subject to regulatory approval.
Equitable will continue to manage policyholder relationships, ensuring a seamless experience for its clients. Furthermore, the company will continue to underwrite certain life insurance products, specifically term life and variable universal life coverage.
This agreement is a strategic move that allows Equitable to optimize its capital and risk management. The company will continue to serve its customers while partnering with a leading reinsurer to enhance its financial flexibility.
