longevity insurance


Aon warns longevity risk has not gone away with COVID-19 deaths

Insurance and reinsurance broker and risk advisory Aon has warned today that re/insurers and pension funds need to avoid over-reacting to how inclusion of COVID-19 deaths changes recognised mortality models, saying that "longevity risk has not gone away." Once excess deaths are added into the mortality models for the United Kingdom read the full article →

Legal & General hires Pretty Sagoo to pension risk transfer team

UK headquartered life and annuities insurance and reinsurance company Legal & General has hired Pretty Sagoo from Deutsche Bank to the role of Head of the Strategic Business in its pension risk transfer team. Sagoo has significant experience in the longevity risk transfer and longevity swaps space, gained from her time read the full article →

2016 a testing period for longevity swap market: Aon Hewitt

Last year was a testing one for the market in longevity swaps, as both pensions and reinsurance markets reacted to changes in mortality expectations driven by new data, creating market uncertainty, Aon Hewitt said. 2016 saw slower activity as a result of this uncertainty, although it was by no means a read the full article →

Legal & General targets U.S. longevity risk transfer growth

UK headquartered insurance group Legal & General is looking to expand its activity in longevity risk transfer, through insurance, reinsurance and longevity swaps, to the United States as it sees an opportunity to grow the business there. Legal & General has been active in the pension fund de-risking and pension risk read the full article →

Longevity swaps continue to evolve: Aon Hewitt

For pension schemes around the world looking to offload their longevity risks, the good news is that the longevity swap structure continues to evolve and options for longevity hedging continue to open up to a wider range of pensions. With reinsurance capital remaining abundant the options for transferring longevity risks away read the full article →

Legal & General adds two to pension risk transfer team

Legal & General has made two appointments into its Pension Risk Transfer business, the segment where the firm assists pension schemes to de-risk, including through longevity swaps and reinsurance arrangements. UK headquartered insurance and pensions specialist Legal & General (L&G) has been involved in a number of longevity swaps and longevity read the full article →

Longevity risk over-valued, but access to risk transfer growing: Club Vita

Pension fund longevity exposure is over-valued, resulting in a potential for over UK£25 billion to be wiped off the collective deficit of UK defined benefit pensions if more accurate longevity assumptions were used, according to specialist longevity risk information provider Club Vita. Longevity assumptions, or the underlying data and projections on read the full article →

£300m longevity swap completed by Zurich with SCOR backing

Global insurance player Zurich has completed another longevity swap transaction, helping a smaller UK pension plan to cover £300 million of its longevity related pension liabilities, with SCOR providing the reinsurance capacity to back the deal. Zurich had already completed £740 million of longevity swaps since December 2015 using its 'streamlined' read the full article →

Canada Life helps Canadian Bank Note to smallest longevity swap

The Canada Life Assurance Company has helped the pension plan of the Canadian Bank Note Company, Limited to a streamlined longevity swap, a $35 million transfer of longevity risk associated with its pensioners which is the smallest transaction we've seen at Artemis. This transaction is the first so-called streamlined longevity risk read the full article →

AXA France & RGA in €1.3bn longevity reinsurance swap transaction

Reinsurance Group of America (RGA) has entered into a €1.3 billion longevity swap and reinsurance agreement with AXA France, a deal that covers over 15,000 annuitants. This is the second longevity transaction between RGA and a division of AXA, after the AXA UK pension scheme entered into a £2.8 billion longevity read the full article →