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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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 →

Longevity swaps to double to over £10bn in 2019: WTW

The longevity swap market has been a little quiet in 2018 for a number of reasons that we've documented over the months, but broker Willis Towers Watson (WTW) expects that 2019 will be far more active, with a doubling of longevity swap volumes predicted.As we've written before, there is no read the full article →

Capital markets can plug longevity reinsurance capacity gaps: Hymans Robertson

The capital markets and its investors can plug any gaps in longevity reinsurance or risk transfer capacity should demand for longevity hedging rise, with index-based longevity hedging likely to become a focus should that need arise, according to Hymans Robertson.There remains significant reinsurance capacity available to soak up global pension read the full article →

Longevity risk transfer demand shows no signs of slowing: Kessler, Prudential

There is no sign of a slowing in demand for longevity risk transfer and reinsurance solutions, as pensions continue to seek out partners to help them transfer their exposures and longevity risk itself looks set to increase again, as health advances could accelerate longevity improvements.Commenting on the longevity reinsurance and 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 →

L&G helps BA convert longevity swap into part of a £4.4bn buy-in

Legal & General Group Plc has assisted one of the pension schemes of airline British Airways to convert a longevity swap it already had into part of a $4.4 billion pension buy-in, the largest bulk annuity transaction to-date and among the only examples of a longevity swap conversion.L&G completed the 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 →

Longevity swap activity up, but capacity questions raised for year-end: WTW

The level of activity in pension de-risking as a whole has been high in 2018 so far, with longevity swaps amounting to £2.3 billion transacted, along with £8.1 billion of bulk annuities deals. But Willis Towers Watson questions the availability of capacity for the end of this year.With more than read the full article →