longevity risk


RGA reinsures longevity risk of 45,000 annuitants for Manulife

RGA Life Reinsurance Company of Canada (RGA Canada), part of global life reinsurer Reinsurance Group of America, has completed a transaction to reinsure the longevity risk associated with 45,000 annuitants for Manulife.RGA Canada entered into an agreement with The Manufacturers Life Insurance Company (Manulife) to provide reinsurance to cover the read the full article →

UK’s PRA seeks to make longevity risk transfer more accessible

The UK Bank of England's Prudential Regulation Authority (PRA) is proposing changes to the pre-notification requirements for longevity risk transfers and longevity hedging arrangements, which could simplify access to this market for smaller pension schemes.In addition, the PRA proposes updating the information on the key risks it considers can arise read the full article →

SCOR & Pension Insurance Corp. in £1.2bn longevity reinsurance deal

French reinsurance giant SCOR has completed a £1.2 billion longevity reinsurance deal with specialist defined benefit pension insurer Pension Insurance Corporation plc (PIC), covering the longevity risk for around 8,000 pensioners and spouses.The transaction is the second between the two companies, after they completed a £1 billion transaction in 2017.The read the full article →

Prudential transacts another $3.2bn of longevity reinsurance

Prudential Retirement, part of Prudential Financial, Inc., says that the UK pension risk transfer market is experiencing healthy growth, as signalled by its closing of a further $3.2 billion of longevity reinsurance deals in recent months.The $3.2 billion of longevity reinsurance transactions are new and as yet undisclosed deals that read the full article →

Efficient management of longevity transactions key for counterparts

As the market for longevity risk transfer continues to reach new heights, it’s becoming essential for the management of such transactions to remain efficient to support sustainable growth in the sector, according to the Co-founder and Chief Executive Officer (CEO) of Dedomainia, Cedric Fetiveau.Dedomainia is an innovative software development firm read the full article →

Legal & General in £300m streamlined longevity swap

The market for streamlined and smaller longevity swap transactions has a new entrant, as Legal & General Assurance Society Limited (Legal & General) has completed its first such deal, a £300 million longevity insurance deal for a mid-sized UK pension.Legal & General has taken the roughly £300 million of longevity read the full article →