annuity reinsurance


ILS has potential in UK longevity & backing annuity deals: Hymans Robertson

Insurance-linked securities (ILS) has potential in helping counterparties to achieve longevity risk transfer and in financing or backing large transactions for bulk annuity insurers, according to consultants Hymans Robertson. With the United Kingdom seeking to bring ILS activity to its shores, thanks to the development of regulations for ILS that should read the full article →

Reinsurance Group of America reinsures $2.3bn annuity book for Zurich

Reinsurance Group of America has reinsured a $2.3 billion annuities portfolio for a subsidiary of Swiss insurer Zurich, helping Zurich to reduce risk and better manage its capital, by offloading the liabilities associated with this legacy book of annuities business using reinsurance capital. Zurich Insurance Group subsidiary Farmers New World Life read the full article →

Swiss Re’s Admin Re to acquire pension business from HSBC UK

Reinsurance firm Swiss Re has entered into an agreement with HSBC to purchase over 400,000 individual and group pension and related annuity policies as well as GBP £4.2 billion in unit-linked assets from HSBC Life (UK) Limited. This is the first transaction from Swiss Re's Admin Re business unit in some time, read the full article →

Buffett’s Berkshire Hathaway reinsures variable annuity risks, bets against longevity

Making the news today is another large and interesting reinsurance transaction involving Warren Buffett’s Berkshire Hathaway Inc. which sees the firm taking on variable annuity risks and as a result assume some exposure to mortality and longevity risks. In a reinsurance deal worth $2.2 billion, Berkshire Hathaway will reinsure the risks read the full article →

Annuity reinsurance; a new avenue for the convergence market to explore?

The convergence sector of the reinsurance market, where capital market money from investors is put to work in re/insurance transactions which are typically fully-collateralized, is primarily focused on writing high-yielding lines of business such as peak catastrophe risk. Some collateralized and convergence market players dabble in other segments of the read the full article →