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.


Pension Insurance Corp’s longevity reinsurance use expands, seals M&S buy-in

London-based Pension Insurance Corp. (PIC) has again increased the volume of longevity reinsurance it is using, as the firm announced participating in another buy-in, this time for the Marks & Spencer pension fund.Pension Insurance Corp. (PIC) has completed a pension insurance buy-in with the Trustee of the Marks & Spencer read the full article →

PartnerRe expands on Manulife longevity reinsurance deal

PartnerRe has expanded on its recent longevity reinsurance transaction with Canadian insurer Manulife, growing the protection provided to cover around 30,000 annuitants.Bermuda headquartered global reinsurance firm PartnerRe completed in January and announced in March that it had entered into a longevity reinsurance deal with Canadian insurer Manulife covering the longevity read the full article →

Room for capital markets solutions in longevity risk market: Kessler, Prudential

As the longevity risk transfer market continues down its impressive growth path, Amy Kessler, Head of the Longevity Risk Transfer at Prudential Financial, Inc. of the U.S., believes there is room for capital markets solutions to play a role.Following a record-breaking 2018, the longevity risk transfer market is poised for read the full article →

Prudential closes $2.6bn pre-Brexit pension longevity reinsurance deals

Prudential Retirement, part of Prudential Financial, Inc., says that the UK pension risk transfer market hass experienced a rush to finalise de-risking deals in advance of Brexit, evidenced by its closing of a further $2.6 billion of longevity reinsurance transactions at the start of 2019.These previously undisclosed longevity reinsurance contracts read the full article →

PartnerRe in longevity reinsurance deal covering 25,000 Manulife annuitants

Bermuda headquartered global reinsurance firm PartnerRe announced today that it has provided reinsurance to cover longevity risks associated with 25,000 annuitants for Canadian insurer Manulife.The reinsurer said that it has entered into a transaction with The Manufacturers Life Insurance Company (Manulife) to provide reinsurance to cover the longevity risk associated read the full article →

Canada Life Re signs €5.5bn longevity reinsurance deal with VIVAT

Canada Life Reinsurance has entered into a €5.5 billion long-term longevity risk reinsurance arrangement with Dutch firm SRLEV N.V. (VIVAT), covering 70% of €8 billion of in-force liabilities.Under this longevity reinsurance agreement, over 150,000 of in-payment and deferred pensioners liabilities are reinsured by Canada Life Re.Global Head of Canada Life read the full article →

Munich Re completes longevity swap for Lafarge UK Pension Plan

Global reinsurance firm Munich Re has entered into a longevity swap with the Lafarge UK Pension Plan, the pension scheme of the global building materials company, protecting it against the risks of its pensioners living longer than forecast.For defined benefit pension schemes, which is the majority of the Lafarge plan, read the full article →

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 →