Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

RGA in €4bn longevity reinsurance deal for NN Life


Reinsurance Group of America (RGA) has completed a longevity reinsurance transaction with NN Life covering €4 billion of underlying reserves for the largest life insurance company in the Netherlands.

RGA Re logoThe transaction, which closed at the end of 2021, is the latest large longevity reinsurance or risk transfer arrangement that RGA has provided for a life insurer.

Reinsurance Group of America is one of the more active global players in the longevity risk transfer and reinsurance space.

Over the years, the company has provided longevity risk transfer solutions to many life insurers and also some pension funds, as well as provided the reinsurance backing to underpin and assume all of the risks associated with pension longevity swap arrangements.

Most recently, in December 2021, RGA provided longevity reinsurance to cover EUR 7 billion of liabilities for Aegon.

This latest longevity reinsurance deal covers roughly €4 billion of underlying reserves for NN Life, which as well as helping it transfer longevity risk will also have helped the life insurer free up capital to support its continued growth.

“Across RGA, we pride ourselves on developing comprehensive and creative answers to our clients’ challenges while maintaining a competitive value proposition,” explained Simon Wainwright, Executive Vice President, Head of EMEA, RGA.

“Our recent work with NN Life was emblematic of this commitment, and we appreciated their partnership as we worked to develop a tailored solution for the needs of the Dutch market.”

As a reminder, RGA has a joint-venture stake in Langhorne Re, a third-party capital backed life and annuity focused reinsurance structure managed by RenaissanceRe. To-date, Langhorne Re has not participated in any of RGA’s transactions.

RGA has previously entered into numerous longevity risk transfer and reinsurance arrangements and so features regularly in our extensive Longevity Risk Transfer Deal Directory.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.