General Motors

An interesting difference of opinion amongst some of the leading rating agencies has become apparent in their respective press releases regarding Prudential’s recent $26 billion pension risk transfer deal for automaker General Motors. The transaction saw GM offload a huge amount of risk by transferring $26 billion of future pension obligations to Prudential. Not strictly […]

We’ve been saying for a number of years that the longevity risk transfer market has the potential to grow to a massive size given the amount of liabilities pension plans around the world are exposed to. Longevity risk transfer takes many forms as pension plans offload longevity risks via swaps, hedges, buy-in/out, annuities and reinsurance. […]