News and analysis on longevity reinsurance market activity, where reinsurance arrangements are used to protect against longevity-related risks, often for pensions and insurers with longevity-linked exposures.
Reinsurer Hannover Re have announced the completion of a longevity swap transaction which see’s them assume around £1 billion of longevity risks associated with a portfolio of pension obligations held by UK insurer Legal & General. The portfolio involves the pension obligations of around 11,500 employees of UK industrial firm Pilkington who are all actively […]
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Prudential Financial have announced that they have participated as a reinsurer in the recent longevity transaction between Rolls-Royce and Deutsche Bank. The transaction saw Rolls-Royce offload some £3 billion of its pension liabilities in a longevity swap deal with Deutsche Bank. The longevity risk has in turn been passed on to a group of reinsurers, […]
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Aerospace and engineering firm Rolls-Royce has announced the completion of a longevity swap transaction completed to give additional security to the members of its final salary pension scheme. In a longevity swap contract with Deutsche Bank, Rolls-Royce have offloaded some £3 billion worth of pension liabilities, covering some 37,000 pensioners.
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Prudential Retirement has announced the completion of their largest longevity reinsurance transaction to date, helping them to sustain expansion of their pension risk transfer business. The $723m (UK£450m) deal saw Prudential provide reinsurance of longevity risk to Rothesay Life and sister company Paternoster (both Goldman Sachs subsidiaries).
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Prudential Retirement has announced the completion of its first longevity reinsurance transaction. The transaction sees Prudential provide reinsurance to UK based Rothesay Life, a subsidiary of Goldman Sachs, covering pension account longevity risks to a value of UK£100m (approx $160m).
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