longevity risk transfer

Reinsurer Swiss Re has renewed calls for a liquid market for longevity risk transfer to be created in their latest publication. With recent estimates suggesting that the average pension fund is already underfunded by 24%, life expectancy increasing globally and over $20 trillion of defined benefit assets exposed to longevity risk, Swiss Re insists that […]

The longevity swap market has been notably quiet in 2012, as broader economic factors seemed to put a stop to transactions in the space after a relatively busy 2011. Now it seems that things might begin to pick up as it has been reported that Heineken UK, a brewer of beer and cider products, is […]

Pension plans and schemes are increasingly looking at their ability to fund their obligations to pensioners as their returns fall due to the wider economic and financial market issues and their pensioners live longer meaning they are on the hook for more payments than expected. This scenario is leading pension plans to look to ways […]

PensionsFirst Capital, a wholly owned subsidiary of PensionsFirst Group, who offer pension risk transfer solutions to major UK companies in the management and derisking of their defined benefit pension schemes, have announced the appointment of a new CEO. Ex-Credit Suisse Fixed Income MD, Hugo James, has joined PensionsFirst Capital as CEO to lead the company’s drive […]

The London office of law firm Sidley Austin LLP acted as a legal adviser to global reinsurer Munich Re on its recently completed £300m reinsurance deal which saw Munich Re assume £300m of longevity risk from Pension Insurance Corporation. The Sidley team was led by the head of the London insurance team, Martin Membery, and […]

Pension Insurance Corporation (PIC), one of the largest insurers of pension plan longevity risks and as a result a firm who assume large amounts of longevity risks themselves, has offloaded £300m of longevity risks by hedging them through a reinsurance agreement with Munich Re. The transaction see’s Munich Re take on £300m of liabilities and […]

International law firm Katten Muchin Rosenman LLP have announced the hire of a new partner who brings with them extensive experience in the insurance-linked securities and alternative risk transfer areas of the insurance market. Stanford A. Renas has joined the firm as partner in its Structured Finance and Securitization Practice and will be working out […]

Fitch Ratings says in a press release that UK life insurers are expected to increase their pension exposure from corporates looking to offload pension fund risks including longevity. There is an opportunity for life insurers to grow their business by participating in pension risk transfer with one of the main areas of potential growth in […]

The largest public pension fund in the world, Japan’s Government Pension Investment Fund (GPIF), is becoming a perfect example of the need for Japan to adopt longevity risk management and longevity hedging strategies urgently in order to be able to meet their growing liabilities. Japan’s population is aging rapidly and at the same time the […]

Another week has passed and as usual on a Monday morning we start the week with an update for you on the most popular stories of the last week. This week it includes life insurance securitization, the size of the catastrophe bond market and news on the impact that capital market capital is having on […]