Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Swiss Re closes Admin Re transaction in the UK with American Life Insurance Company

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Swiss Re has announced its latest bulk purchase of life insurance policies under their Admin Re® series of transactions. The latest deal see’s them acquire approximately 300,000 policies and UK£1.6 billion in assets from American Life Insurance Company.

Swiss Re have now completed more than 50 transactions globally with Admin Re since they launched the facility in 1998. Swiss Re say they have a desire to expand Admin Re’s presence by undertaking transactions to support selective growth in global markets.

“This transaction meets Admin Re®’s rigorous assessment criteria and confirms our commitment to being a recognised force in the closed life book business,” says David Blumer, Swiss Re’s Executive Board member and Chairman of Admin Re®. “Transactions like this allow life insurance companies to monetise the value of in-force blocks of business, while providing Swiss Re with attractive, diversified returns,” he adds.

Of course, every time Swiss Re complete a deal with Admin Re and assume more life insurance risk, they are also assuming additional mortality and longevity risks which they may choose to transfer to the capital markets through insurance-linked securities at some point in the future.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

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