{"id":178234,"date":"2025-06-25T17:10:48","date_gmt":"2025-06-25T16:10:48","guid":{"rendered":"https:\/\/www.reinsurancene.ws\/?p=178234"},"modified":"2025-06-25T16:59:54","modified_gmt":"2025-06-25T15:59:54","slug":"canada-life-re-to-cease-new-business-for-us-traditional-life-mortality-risk-reinsurance","status":"publish","type":"post","link":"https:\/\/www.reinsurancene.ws\/canada-life-re-to-cease-new-business-for-us-traditional-life-mortality-risk-reinsurance\/","title":{"rendered":"Canada Life Re to cease new business for US traditional life mortality risk reinsurance"},"content":{"rendered":"

Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets.<\/p>\n

\"CanadaThe reinsurer explains that a key driver of its decision to cease new US Trad Life business is expanding the resources devoted to the structured reinsurance market.<\/p>\n

For US Trad Life clients with treaties open for new business, Canada Life Re says that it will provide notices to terminate new business effective December 31st, 2025.<\/p>\n

Canada Life Re will continue to manage, process, and support all in-force business and clients, and states that it will work with existing clients to provide a smooth transition process for both facultative and automatic new business.<\/p>\n

Jeff Poulin, Executive Vice-President, Reinsurance, commented: “This carefully considered decision will allow Canada Life Reinsurance to focus on our core markets of structured solutions, longevity reinsurance and Catastrophe retrocession.”<\/p>

\"Artemis<\/a><\/div><\/div>\n

“With a large U.S. Trad Life inforce block to manage, our clients will be expecting the same high levels of service that we have been providing. We remain committed to meeting our clients’ expectations,” added Poulin.<\/p>\n

The reinsurer, a division of The Canada Life Assurance Company and certain of its subsidiaries and affiliates, primarily operates in the U.S., Barbados, Bermuda, and Ireland.<\/p>\n

Despite ceasing new business for US Trad Life, Canada Life Re emphasises that it will continue to focus on providing capital and reserve financing solutions for firms in a wide range of product lines and geographies.<\/p>\n","protected":false},"excerpt":{"rendered":"

Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core markets. The reinsurer explains that a key driver of its decision to cease new US 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