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 policies, and will continue to administer the policies in this block.
The Skadden team includes Elena Coyle, Liana-Marie Lien, Heather Cruz and Jared Binstock.