Bankers Life Insurance has entered into a reinsurance treaty with Front Street Re, which is controlled by the Harbinger Group, covering $160 million of annuities. Florida's insurance regulator has approved the transaction, which is retroactive to Nov. 30, Harbinger said. "This treaty is another important step for Front Street Re in its growth as a provider of customized reinsurance solutions to the life insurance and fixed annuity industry," said Phil Gass, managing director of Harbinger Group.

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