The Life & Longevity Markets Association (LLMA), a not for profit association dedicated to promoting liquidity in the traded longevity and mortality risk markets, has announced their latest member reinsurer Munich Re. The largest reinsurer in the world takes membership of the LLMA to 12 they said yesterday.
Membership of the LLMA now comprises AVIVA, AXA, Deutsche Bank, J.P. Morgan, Legal & General, Morgan Stanley, Pension Corporation, Prudential PLC, RBS, Swiss Re, UBS and now Munich Re.
The LLMA have made it their mission to bring liquidity to the longevity markets through the development of standards and the creation of tradeable instruments such as swaps, bonds or derivatives. The addition of Munich Re to the association helps to further increase their influence among leading market players.