annuity reinsurance

There have been £12 billion worth of longevity swaps in the UK pension risk transfer market in 2021, with total risk transfer including bulk annuity buy-in and out deals expected to reach £40 billion for the year.

Reinsurance Group of America (RGA) is actively working on transactions for its joint-venture, third-party capital backed, life and annuity reinsurance firm Langhorne Re, according to CEO Anna Manning.

The market for longevity swaps has outpaced the use of bulk annuities, when it comes to pension risk transfer deals, through the first-half of 2021 and the second-half could also be busy as there is spare capacity in the market to be used, broker Aon notes.

Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by Reinsurance Group of America (RGA) in partnership with RenaissanceRe (RenRe), has promoted its Chief Operating Officer and General Counsel  Andrew Markus to become Chief Executive Officer (CEO), Bermuda.

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, continues to expand its reinsurance operations with a rating from AM Best now secured for its Cayman Islands based reinsurer North End Re (Cayman) SPC.

Brookfield Asset Management Inc., the giant Canadian headquartered alternative asset manager that has around $575 billion of assets under management, is expanding in the reinsurance space with an annuities strategy through which it expects to secure up to $10 billion of additional float at the start.

Reinsurance Group of America (RGA) remains confident that its joint-venture, third-party capital backed life and annuity reinsurance firm Langhorne Re will secure its first transaction “in due course”, according to the company’s CEO Anna Manning.

While a first transaction remains elusive, the pipeline of potential deals that Reinsurance Group of America (RGA) sees as relevant to its joint-venture, third-party capital backed life and annuity reinsurance firm Langhorne Re continues to build and also expand.

Reinsurance Group of America (RGA) is waiting patiently to execute its first transaction using the joint-venture, third-party capital backed life and annuity reinsurance firm Langhorne Re and has got close, but a first deal still eludes the company.

Langhorne Re, the joint-venture, third-party capital backed life and annuity reinsurance firm launched by RenaissanceRe (RenRe) and Reinsurance Group of America (RGA), has announced the hiring and appointment of a new Chief Actuary.