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.


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 →

Zurich & Hannover Re deliver £800m longevity swap for FTSE 100 pension

Insurer Zurich and reinsurance firm Hannover Re have delivered an £800 million longevity swap arrangement for an unnamed UK pension fund belonging to a FTSE 100 firm, protecting it against the risk of pensioners and members living longer than forecast. Zurich acted as the insurer, entering into the longevity swap agreement read the full article →

One-third of FTSE 100 has transferred pension longevity risk: Aon

An impressive one-third of the companies in the UK's FTSE 100 index of leading shares have already transferred longevity risk associated with their pension schemes, according to Aon. The insurance and reinsurance broker said that the 32 FTSE 100 companies that have entered into longevity risk transfer deals, either bulk annuities read the full article →

Attractive pricing to drive further longevity swap deals: Aon

Aon said it is expecting to see a number of large longevity swap transactions completed during the second-half of 2019, as longevity risk transfer and reinsurance pricing remains attractive. Activity has been slower in the longevity swap market for a time, although longevity reinsurance and pension risk transfer activity in general read the full article →

Structures help largest pensions access reinsurance more effectively: Aon

Innovative insurance and reinsurance market regulatory structures help even the largest pension schemes in the world access the reinsurance market more efficiently, broker Aon said. It's interesting, as we spend much of our time writing about how the world's largest pension fund investors can efficiently access the reinsurance market as a read the full article →

HSBC longevity swap a “pivotal moment” for market: Kessler, Prudential

The £7 billion longevity swap and reinsurance transaction that Prudential Financial, Inc. completed recently for the HSBC Bank UK pension scheme is the second largest such arrangement in longevity risk transfer market history. This recently completed transaction marks a "pivotal moment" for the longevity risk transfer community, Prudential Insurance Company of read the full article →

HSBC UK pension gets £7bn longevity swap from Prudential

The UK pension scheme of HSBC Bank has entered into a longevity swap transaction covering £7 billion of its liabilities with The Prudential Insurance Company of America (PICA), part of Prudential Financial, Inc. The longevity swap will help HSBC to manage the longevity risk of roughly £7 billion of pensioner liabilities, read the full article →

PIC sees growing longevity reinsurance market capacity

Pension Insurance Corporation plc, a specialist defined benefit pension fund insurer, said it has increased its use of longevity reinsurance and notes that market capacity is on the rise for deferred pension risks, while standardisation of the transactions is increasing. PIC has been particularly active in insuring pension fund members in read the full article →

Rolls Royce longevity swap restructured as part of record £4.6bn bulk-annuity

The largest bulk-annuity deal in the UK has been completed by Legal & General and the transaction saw aerospace and engineering firm Rolls-Royce's pensioner bespoke longevity swap restructured as part of the arrangement. The UK £4.6 billion deal secures the pension benefits of around 33,000 members of the Rolls-Royce UK Pension read the full article →

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 →