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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Munich Re provides £1bn longevity swap for Willis Pension Scheme

Global reinsurance giant Munich Re has completed a £1 billion longevity swap arrangement for the Willis Pension Scheme, in a longevity hedging deal that covers some 3,500 pension scheme members. The transaction was undertaken using the Longevity Direct solution offered by Willis Towers Watson, which enables pensions to more directly access read the full article →

MetLife enters UK longevity reinsurance market with PIC transaction

Metlife, Inc., one of the largest life and annuities insurance groups in the world, has entered the longevity reinsurance market in the United Kingdom, providing a longevity risk transfer arrangement for regular market participant Pension Insurance Corporation plc (PIC). Metlife entered into the longevity reinsurance arrangement using its susbidiary Metropolitan Tower read the full article →

Aon warns pensions not to over-react to Covid-19 mortality spike

Insurance and reinsurance broker and consultancy Aon has warned UK pension schemes not to over-react to the recent short-term spike in mortality rates in the country, as the impact to longevity risk assumptions may not be as significant as it seems. Aon’s Risk Settlement Group, which deals with pension risk transfer, read the full article →

Canada Life Re took EUR 5.3bn of NN Life longevity swap & reinsurance

Canada Life Reinsurance took EUR 5.3 billion of the long-term longevity risk associated with EUR 13.5 billion of in-force liabilities of NN Life's portfolio, in the recently completed longevity swap and reinsurance arrangement. As we explained earlier this week, NN Life, part of the Nationale-Nederlanden (NN Group), has secured longevity swap read the full article →

NN Life transfers EUR 13.5bn of pension longevity risk to reinsurers

NN Life, part of the Nationale-Nederlanden (NN Group), has secured reinsurance and swap arrangements with leading reinsurers Canada Life, Munich Re and Swiss Re to transfer all of the longevity risk associated with some EUR 13.5 billion of pension liabilities from the Netherlands. NN Group said that the longevity reinsurance arrangements read the full article →

Coronavirus deaths may trigger longevity swap margin calls for pensions

The sudden rise in deaths in the United Kingdom due to the Covid-19 coronavirus pandemic could result in some pensions having to post more collateral against their longevity swaps, as report suggest. With some UK £90 billion of longevity swap transactions having been entered into by UK pension schemes, the increased read the full article →

Prudential executes $6bn in longevity reinsurance for Rothesay Life

Prudential said that it has executed another $6 billion of longevity reinsurance transactions with UK pension risk transfer specialist life insurer Rothesay Life, in two transactions that are the seventh and eighth between the pair. The Prudential Insurance Company of America (PICA), a unit of Prudential Financial, Inc., said it has read the full article →

Pacific Life Re reinsures giant £10bn UK longevity swap for Lloyd’s Bank pensions

Global life, longevity and morbidity reinsurance firm Pacific Life Re has completed the second largest UK longevity swap transaction on record, taking on UK £10 billion of longevity risk from Lloyd's Banking Group pension funds. The longevity swap arrangement has been entered into with Lloyds Banking Group Pensions Trustees Limited, on read the full article →

Longevity swap market forecast for record £25bn+ year in 2020

The longevity swap market is forecast to experience record levels of activity in 2020, with availability of reinsurance capacity likely to be a key consideration for pensions looking to offload the risk of their members living longer. Willis Towers Watson (WTW), the insurance or reinsurance brokerage and consultancy, says that it read the full article →

Longevity swap market records could be broken in 2020: WTW

The longevity swap market could see a record volume of transactions in 2020 as market conditions look set to make hedging longevity risk particularly conducive, while insurance and reinsurance capital abundant and appetite for large longevity risk transfer deals high. So says insurance and reinsurance broker Willis Towers Watson (WTW), who read the full article →