longevity risk transfer

According to an article published on Dow Jones, and available here via the Wall Street Journal, the market for longevity risk transfer through the issuance of bonds or securitization may be about to come out of hibernation. The article says that two longevity bonds are currently being marketed to investors by banks in recent weeks […]

As a new year begins here at Artemis we’re pleased to report that 2012 has been our busiest year ever. Artemis has been serving these niche reinsurance and risk transfer markets since our launch back in May 1999 making Artemis the longest-serving publication covering catastrophe bonds, insurance-linked securities, alternative reinsurance and risk transfer. Artemis has […]

The world’s largest reinsurer Munich Re has entered into an agreement with pension risk transfer specialist Pension Insurance Corporation which will see Munich Re take on £400m (approximately $650m) of longevity risk from the insurer. Munich Re will take on the longevity risk associated with a portfolio of pension risks that Pension Corporation has covered […]

About a week ago we wrote about the challenge to the $7.5 billion pension risk transfer transaction which would see Verizon Communications transferring $7.5 billion of the Verizon Management Pension Plan obligations to insurer Prudential. The deal was hit with a lawsuit from two Verizon retirees who filed suit seeking to block the transaction as […]

Reinsurer Swiss Re has announced the completion of an £800m ($1.3 billion) longevity insurance transaction with UK insurer LV=. The transaction see’s Swiss Re providing longevity insurance for over 5,000 members of the LV= pension fund and includes the longevity exposures associated with 1,000 members who are yet to retire. Swiss Re said that this […]

One of the largest pension risk transfer transactions on record has hit a stumbling block just prior to the deals completion. The $7.5 billion transaction would see Verizon Communications transferring $7.5 billion of the Verizon Management Pension Plan obligations to insurer Prudential. It’s a group annuity deal, where Verizon buys the annuity contract from Prudential […]

RMS have today announced the launch of a new version of their RMS LifeRisks™ modelling platform. The LifeRisks product is a risk modelling platform for the life insurance and pension risk management industry (reinsurers with exposure to those lines of business too, we assume). It is designed to enable them to accurately model the impacts […]

The results of a poll conducted in July 2012 amongst trustees, finance directors, and other pension fund executives from 51 different UK pension funds, show that the pension funds consider longevity risk as the biggest single threat to their funding levels. Respondents were asked to rank a series of risks according to potential for impact […]

Artemis attended the 6th Annual European Insurance-Linked Securities Conference, held by rating agency Standard & Poor’s in London, earlier today to hear what the speakers had to say about the market. One of the panels was particularly timely as it discussed the potential for further development of the longevity risk transfer market and asked the […]

This telling statistic comes from some research undertaken by PwC which looked at defined benefit pension plan valuations in the UK and what they were doing, or planning to do, to overcome rising deficits. PwC surveyed 98 UK defined benefit pension schemes and found that on average they will likely need an extra three years […]