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January 24, 2026
Sidley Advises RGA in US$4.1 Billion Reinsurance Transaction With Manulife

1 min
AI-made summary
- Sidley is advising RGA in a US$4.1 billion reinsurance transaction involving the acquisition of a long-term care (LTC) block and a structured settlements block from John Hancock, a subsidiary of Manulife
- The transaction includes US$1.9 billion in LTC liabilities and US$2.2 billion in structured settlement liabilities
- The Sidley team is led by Tony Ribaudo, Mike Devins, and John Grothaus, with support from specialists in insurance, tax, privacy, banking, and global arbitration.
Sidley is advising RGA in a US$4.1 billion reinsurance transaction to acquire a long-term care (LTC) block and a structured settlements block from John Hancock, a subsidiary of Manulife. The blocks comprise US$1.9 billion in LTC liabilities and US$2.2 billion in structured settlement liabilities. Publicly traded RGA is a leading global life and health reinsurer. Manulife is a leading international financial services group. The transaction is one of the few LTC reinsurance trades in recent years, and represents Sidley’s ability to guide clients in their most complex and significant insurance industry transactions. The Sidley team is led by Tony Ribaudo, Mike Devins, and John Grothaus (all Financial Institutions – Insurance), and includes Jennifer Chae, Riley Arnold, Jim Ford (all Financial Institutions – Insurance), Peter Edgerton, Nathan Enfield (both Tax), Steve McInerney (Privacy and Cybersecurity), Stan Boris, Joel Feinberg (both Banking and Financial Services), Andy Shoyer, and Carys Golesworthy (both Global Arbitration, Trade and Advocacy).~~Sidley is advising RGA in a US$4.1 billion reinsurance transaction to acquire a long-term care (LTC) block and a structured settlements block from John Hancock, a subsidiary of Manulife. The blocks comprise US$1.9 billion in LTC liabilities and US$2.2 billion in structured settlement liabilities. Publicly traded RGA is a leading global life and health reinsurer. Manulife is a leading international financial services group. The transaction is one of the few LTC reinsurance trades in recent years, and represents Sidley’s ability to guide clients in their most complex and significant insurance industry transactions. The Sidley team is led by Tony Ribaudo, Mike Devins, and John Grothaus (all Financial Institutions – Insurance), and includes Jennifer Chae, Riley Arnold, Jim Ford (all Financial Institutions – Insurance), Peter Edgerton, Nathan Enfield (both Tax), Steve McInerney (Privacy and Cybersecurity), Stan Boris, Joel Feinberg (both Banking and Financial Services), Andy Shoyer, and Carys Golesworthy (both Global Arbitration, Trade and Advocacy).
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