MassMutual strikes $6bn reinsurance deal with Nationwide

MassMutual has agreed with Nationwide to reinsure a portfolio of fixed Universal Life with Secondary Guarantees policies associated with astir $6bn successful statutory reserves.

The policies included successful the transaction transportation a full look worth of adjacent to $16bn.

Once completed, the woody volition adhd $6bn to Nationwide Financial’s reserves.

MassMutual volition support administering the policies covered by the statement and volition proceed to service arsenic the interaction constituent for policyholders.

Nationwide has selected Barings, an alternate plus manager owned by MassMutual, arsenic 1 of the concern managers for the portfolio.

Barings volition besides oversee further wide relationship assets for Nationwide.

Nationwide CEO Kirt Walker said: “This statement represents a tremendous accidental to enactment our beardown superior presumption to enactment and turn our beingness security business, which was designated the third-largest writer of beingness security successful 2025.

"Bringing unneurotic 2 beardown brands allows america to support much Americans with beingness insurance.”

Completion of the woody is scheduled for the 2nd 4th of 2026 and remains babelike connected modular closing presumption and regulatory clearances.

Nationwide expects to sorb the added concern without expanding headcount.

MassMutual CFO Mary Jane Fortin commented: “This transaction creates superior and different economical benefits that enactment our continued concern successful semipermanent maturation arsenic we present worth to our policyowners and question to assistance adjacent much radical unafraid their aboriginal and support the ones they love.

“We are precise pleased to person reached this mutually beneficial statement with Nationwide arsenic a strategical partner.”

In July 2025, Nationwide closed the acquisition of Allstate’s leader stop-loss portion successful a woody valued astatine $1.25bn.

The acquisition broadened Nationwide’s offering successful self-funded and stop-loss products for tiny and mid-sized employers.

"MassMutual strikes $6bn reinsurance woody with Nationwide" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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