Dec. 03--Reinsurance Group of America has agreed to acquire a block of U.S. term life reinsurance from XL Group plc.
Under the deal, the Chesterfield-based company will reinsure about a $22 billion worth of life insurance, which represents about 290,000 policies.
Financial terms of the deal, which is effective immediately, weren't disclosed.
In a separate release, Ireland-based XL said the deal is part of a previously announced plan to wind down its the life reinsurance business.
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