longevity risk derivative

Share

Axis Capital expecting $136m loss from longevity risk derivative

Axis Capital, the Bermudian reinsurer, has announced in its preliminary third-quarter results that it expects to lose around $136m due to a longevity risk derivative contract. The final loss will be unveiled in the reinsurers official third-quarter results filing.The derivative contract doesn't expire until 2017 but Axis will have to read the full article →