Insurer Aviva has joined the Life & Longevity Markets Association (LLMA) taking the number of members of the still new association up to eleven. The LLMA is a not for profit association dedicated to promoting liquidity in the traded longevity and mortality risk markets.
The addition of yet another major player in the life insurance industry is good news for the LLMA. Their membership now includes: Aviva, AXA, Deutsche Bank, J.P. Morgan, Legal & General, Morgan Stanley, Pension Corporation, Prudential PLC, RBS, Swiss Re and UBS.
The buzz in the market around longevity and mortality risk is increasing thanks to a deluge of press on the risks of longevity and the first longevity linked catastrophe bond issuance attempt by Swiss Re.