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.


Metlife & Zurich help UK pension to $3.5bn longevity swap & reinsurance

Metlife and Zurich have collaborated with Aon's Risk Settlement Group to complete a US $3.5 billion transfer of longevity risk for a UK pension scheme, through an intermediated longevity swap and reinsurance arrangement. Metlife has reinsured the longevity risk, while Zurich stood in the middle of the deal and entered into read the full article →

WTW forecasts record longevity & pension risk transfer in 2022

The market for pension risk transfer, across longevity swaps and bulk annuity arrangements, is forecast to see a bumper UK £65 billion of deals in 2022, with strong growth on the longevity swap side anticipated, according to WTW (Willis Towers Watson), while more third-party capital involvement is also expected. In 2021, read the full article →

Aegon gets longevity reinsurance for €7bn of pensions from RGA

Dutch headquartered life, pensions and annuities focused insurer Aegon has secured longevity reinsurance to cover a €7 billion of pensions from Reinsurance Group of America (RGA). The company said that the longevity reinsurance transaction improves the risk profile of its Dutch business, while also freeing up capital at attractive terms, with read the full article →

Aon expects 2021 longevity swap activity to hit £15 billion

Broking group Aon appears to be expecting another large longevity swap deal to complete before the end of the year, forecasting today that 2021 longevity swap volumes will reach £15 billion. So far in 2021, we've counted £12.7 billion of UK focused pension scheme longevity swap arrangements, all of which are read the full article →

Longevity swaps expected in 2022, but capacity may be more limited: Mercer

There have been £12 billion worth of longevity swaps in the UK pension risk transfer market in 2021, with total risk transfer including bulk annuity buy-in and out deals expected to reach £40 billion for the year. Mercer expects that 2022 will eclipse this figure, forecasting some £60 billion of UK read the full article →

Longevity swaps outpace bulk annuities in H1 2021: Aon

The market for longevity swaps has outpaced the use of bulk annuities, when it comes to pension risk transfer deals, through the first-half of 2021 and the second-half could also be busy as there is spare capacity in the market to be used, broker Aon notes. Large longevity swap and bulk read the full article →

Aon sells German pensions business to LCP, as further step towards WTW merger

Insurance and reinsurance broker Aon is selling its German pension and retirement consulting and investment business to Lane Clark & Peacock LLP (LCP), in another divestment designed to gain European Commission (EC) approval for its acquisition of rival Willis Towers Watson (WTW). Aon and Willis Towers Watson (WTW) announced last week read the full article →

Swiss Re backs £3.7bn longevity swap deal for Fujitsu pension scheme

Global reinsurance giant Swiss Re has provided capacity to support a UK £3.7 billion longevity swap deal that uses a cell structure to intermediate the risk transfer for the ICL Group Pension Plan, one of the pension schemes of Fujitsu in the UK. The longevity risk swap and reinsurance arrangement effectively read the full article →

Prudential Financial & Zurich help UK pension to £6bn longevity swap

Prudential Financial Inc. and insurer Zurich have worked together to provide an unknown UK pension scheme with a £6 billion longevity swap and reinsurance arrangement. The International Reinsurance business of The Prudential Insurance Company of America (PICA), a subsidiary of Prudential Financial, Inc., provided the reinsurance capacity to support the transfer read the full article →

Non-pensioner longevity swap a win-win for AXA & Hannover Re: Jefferies

The recent £3 billion longevity swap between the AXA UK Group Pension Scheme and reinsurance firm Hannover Re represented a new first for the longevity risk transfer market, a largely non-pensioner deal, which analysts at Jefferies highlight as a win-win transaction for both parties. The deal, completed in the read the full article →