MassMutual and Nationwide enter strategic reinsurance agreement
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MassMutual and Nationwide enter strategic reinsurance agreement
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has reached an agreement with mutual life insurer MassMutual to reinsure a block of fixed Universal Life insurance policies with a total face value of nearly $16 billion. The policies comprise over 30,000 policyowners, and will increase Nationwide Financial’s reserves by $6 billion. The transaction is expected to close in the second quarte…
US - MassMutual Announces Reinsurance Agreement With Nationwide.
Skadden is advising MassMutual on its agreement with Nationwide for the reinsurance of a block of fixed universal life with secondary guarantees policies representing nearly $6 billion of statutory reserves. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approval requirements. MassMutual continues to offer a range of life insurance solutions, including universal life pol…
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