longevity risk transfer


UBS expands pension longevity swap to £1.9bn with Zurich & Canada Life Re

The UBS (UK) Pension and Life Assurance Scheme has added another £500 million to an in-force longevity swap arrangement, expanding it to provide £1.9 billion of protection. The UBS UK pension scheme entered in a £1.4 billion longevity swap arrangement two years ago, with global player Zurich acting as the insurer read the full article →

Longitude Exchange & Dedomainia collaborate on index-based longevity hedges

Longitude Exchange, the Bermuda-based digital marketplace for trading in index-based longevity risk, and Dedomainia, a technology company offering longevity swap solutions, are to collaborate on index-based longevity hedging. The pair said they will jointly work on techniques and processes for monitoring, administering, and valuing index-based longevity risk hedging transactions. Dedomainia has built read the full article →

Club Vita & Longitude Exchange eye more transparent, efficient longevity market

Longevity analytics firm, Club Vita has partnered with Bermuda-based insurtech Longitude Exchange, the world-first digital marketplace for trading in index-based longevity risk, to improve both the transparency and efficiency of the longevity risk transfer market. Longitude Exchange launched on March 1st in Bermuda and will soon release its digital marketplace, designed read the full article →

Digital marketplace for index-based longevity risk to open in Bermuda

A world-first digital marketplace for trading in index-based longevity risk is set to open in Bermuda, insurtech Longitude Exchange announced today. Longitude Exchange aims to create a longevity risk focused asset class, so potential markets would not just be the typical reinsurance firms and insurance-linked securities (ILS) funds that already trade read the full article →

RGA in €4bn longevity reinsurance deal for NN Life

Reinsurance Group of America (RGA) has completed a longevity reinsurance transaction with NN Life covering €4 billion of underlying reserves for the largest life insurance company in the Netherlands. The transaction, which closed at the end of 2021, is the latest large longevity reinsurance or risk transfer arrangement that RGA has read the full article →

SCOR reinsures £5.5bn longevity swap for Lloyds Bank pension

France-headquartered global reinsurance company SCOR has provided the capacity to back a UK £5.5 billion longevity swap arrangement for one of Lloyds Banks pension schemes, the reinsurers' largest longevity reinsurance deal so far. The Lloyds Banking Group Pensions Trustees Limited has now protected some £15.5 billion of its pension related longevity read the full article →

MetLife reinsures $2.4bn of pension longevity risk for Phoenix Group

MetLife, Inc., one of the largest life and annuities insurance groups in the world, has provided reinsurance to cover $2.4 billion of pension fund related longevity risk for European pension and life consolidator Phoenix Group. The $2.4 billion of longevity risk was transferred through two reinsurance arrangements to Metlife, which used read the full article →

Metlife & Zurich help UK pension to $3.5bn longevity swap & reinsurance

Metlife and Zurich have collaborated with Aon's Risk Settlement Group to complete a US $3.5 billion transfer of longevity risk for a UK pension scheme, through an intermediated longevity swap and reinsurance arrangement. Metlife has reinsured the longevity risk, while Zurich stood in the middle of the deal and entered into read the full article →

WTW forecasts record longevity & pension risk transfer in 2022

The market for pension risk transfer, across longevity swaps and bulk annuity arrangements, is forecast to see a bumper UK £65 billion of deals in 2022, with strong growth on the longevity swap side anticipated, according to WTW (Willis Towers Watson), while more third-party capital involvement is also expected. In 2021, read the full article →

Aegon gets longevity reinsurance for €7bn of pensions from RGA

Dutch headquartered life, pensions and annuities focused insurer Aegon has secured longevity reinsurance to cover a €7 billion of pensions from Reinsurance Group of America (RGA). The company said that the longevity reinsurance transaction improves the risk profile of its Dutch business, while also freeing up capital at attractive terms, with read the full article →