Longevity risk transfer news

An archive of all of our news articles on the topic of longevity risk transfer. This chronological archive includes every article on Artemis related to longevity hedging, longevity swaps, pension scheme related longevity deals and all articles related to transferring longevity risks to the capital markets. For the latest news and full coverage visit the homepage.

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Prudential reinsures $1.4bn of pension longevity risk for Aviva

Prudential Retirement, part of Prudential Financial, Inc. has entered into an agreement to reinsure roughly $1.4 billion (UK £1bn) of pension liability related longevity risk for Aviva Life and Pensions U.K. Ltd., the first such transaction between the two life, pension and annuity giants.Prudential is no stranger to large longevity read the full article →

Longevity swap market back in business: Aon

Broker Aon said this morning that the "longevity swap market is back in business" after a hiatus in activity over recent months, with a record year expected as evidenced by the recent completion of a £2 billion longevity swap and reinsurance deal involving insurer Zurich and the UK's National Grid read the full article →

Zurich in £2bn longevity swap with National Grid

Insurer Zurich has completed its largest ever longevity swap arrangement, an intermediated arrangement that covers more than £2 billion of pensioner liabilities for the UK's National Grid Electricity Group of the Electricity Supply Pension Scheme (ESPS).The longevity swap will protect the National Grid against the risk of around 6,000 pensioners read the full article →

Prudential & PIC in $1.2bn sixth longevity reinsurance transaction

Prudential Retirement and Pension Insurance Corporation (PIC) have entered into their sixth longevity reinsurance arrangement, a $1.2 billion deal covering around 7,500 pensioners, taking the total longevity risk Prudential Financial has reinsured for PIC to over $6 billion.Prudential Retirement, a unit of Prudential Financial, Inc., said that currently it is read the full article →

Prudential & PIC in flow longevity reinsurance deal for smaller pensions

Prudential Financial and Pension Insurance Corporation (PIC) have joined forces to broaden pension de-risking for smaller pension schemes, by expediting the availability of longevity reinsurance through a flow arrangement, that sees Prudential providing guaranteed capacity to back PIC's pension risk transfer deals.The arrangement means that PIC can more efficiently offer read the full article →

UK bulk annuity market takes off with record £12bn deal

The United Kingdom market for bulk annuity transactions, which see pensions or life operators transferring and reinsuring large portfolios of annuity liabilities, took off today with a record £12 billion reinsurance deal and continued activity in this market could eventually stimulate more longevity hedging.The transaction which was announced this morning read the full article →