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Allianz Strikes Deal Over Administration of $35 Billion in U.S. Annuities

German insurer Allianz SE stated its U.S. life insurer had reached an settlement to reinsure liabilities of $35 billion, in one of many largest transactions of its variety.

U.S. subsidiary Allianz Life struck the take care of life insurance coverage group Decision Life and associates of funding agency Sixth Road, together with Talcott Decision Life Insurance coverage Co., for a portfolio of mounted annuities.

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