Reinsurance firm SCOR has hired seasoned longevity risk transfer executive Wolfgang Murmann to be the firms new Head of Longevity for the EMEA region, picking him up from asset management giant Insight Investment where he worked on solutions for pensions and institutions.
Murmann has a track record in longevity risk transfer markets, gained through a number of years with Commerzbank AG where he worked on pension and insurance solutions, as well as time spent in derivatives at Dresdner Kleinwort.
He has written a number of papers on longevity swaps, longevity options pricing and other topics of relevance to the pension risk transfer industry. His focus on tradable longevity options or derivatives also hints at a capital markets background that could be useful to SCOR as it seeks to grow its longevity reinsurance business.
SCOR hopes that with the hire of Murmann and the expansion of its longevity team, the company can increase its coverage for the continental European longevity risk transfer and reinsurance market.
During his time at Insight Investment, where he held the role of Senior Solutions Specialist, Murmann designed and marketed de-risking solutions for continental European pension funds.
SCOR has been involved in a number of large longevity swap deals, where it has acted as a lead reinsurance provider in some cases, as well as many more traditionally structured longevity reinsurance arrangements in recent years.
Longevity risk is seen as a growth areas, as pension schemes look to protect themselves against the risks of cohort’s living longer than originally forecasted.
Read about many historical longevity swap and reinsurance transactions in our Longevity Risk Transfer Deal Directory.
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