longevity risk transfer

The smallest longevity swap deal that we’ve seen has been completed, according to an article on Professional Pensions today. The £400m longevity risk transfer deal hedges the risk of pensioners living longer for luxury car manufacturer Bentley’s UK pension scheme. The size of the deal shows that longevity swaps can be transacted for smaller pension […]

German reinsurer Hannover Re has completed two block reinsurance transactions for longevity risks in the UK which between them will see the reinsurer assume around £1 billion worth of pension plan longevity risks. This brings the total amount of longevity risk assumed by the reinsurer in 2013 to around £3 billion when added to its […]

One of the largest pension risk transfer deals on record could be subject to a class action lawsuit after a judge ruled that retirees could launch a legal action. The pension risk transfer deal, involving Verizon Communications transferring $7.5 billion of the Verizon Management Pension Plan obligations to insurer Prudential, had already been subject to […]

The market for longevity hedging, or the offloading of longevity risks via insurance, reinsurance and instruments such as longevity swaps, is set to grow again in 2013 according to the latest report from research firm Clear Path Analysis. The report suggests that 2013 could see record levels of longevity risk moving off the balance sheets […]

The life insurance side of the alternative risk financing, transfer and insurance-linked securities market is alive and well with reasonable deal flow in 2012 and a positive outlook to 2013, according to a recent paper on the subject published by actuarial focused firm Milliman Inc. Milliman includes a number of different structures within the life […]

The market is on its way to New York this week for the annual SIFMA ILS conference, at which Artemis will be in attendance. With the latest cat bond, Caelus Re 2013 Ltd., having upsized and dropped in price it looks like there will be much to discuss. As always, you can read every market news […]

The Life & Longevity Markets Association (LLMA), an association formed to provide a forum for market participants to collaborate on issues related to the transfer of longevity risks, and the Institute and Faculty of Actuaries have teamed up to run a research project looking into basis risk for longevity risk transfer transactions. A call for […]

As we suggested might happen last week, the primary catastrophe bond market has come back to life as regular sponsor Nationwide Mutual seeks to issue its third cat bond, Caelus Re 2013 Ltd. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter […]

UK insurance and investment group Legal & General has completed the largest ever UK longevity swap with the BAE Systems 2000 Pension Plan. The insurance transaction between the two covers the BAE pension plan against the risk of its 31,000 current pensioners living longer than expected, covering a total of £2.7bn of pension liabilities as […]

One of the largest mutual life insurers in the U.S. has shown its interest in the UK pension risk transfer and de-risking market by investing in one of the leading players in that sector in the last week. Massachusetts Mutual Life Insurance Company, or MassMutual for short, has made an investment in leading UK pension […]