longevity risk transfer

An interesting difference of opinion amongst some of the leading rating agencies has become apparent in their respective press releases regarding Prudential’s recent $26 billion pension risk transfer deal for automaker General Motors. The transaction saw GM offload a huge amount of risk by transferring $26 billion of future pension obligations to Prudential. Not strictly […]

The Organisation for Economic Co-operation and Development (OECD) has published a 230 page report looking at various issues affecting the pension markets and highlighting areas that need reforming in order for pension plans to meet their obligations and better serve their members. One of the issues covered in the bumper report is longevity risk and […]

Risk modeling firm RMS (Risk Management Solutions) recently held an event in London about their work in the longevity and mortality space and to discuss the upcoming launch of the latest version of their LifeRisks modeling solutions. The event featured talks from RMS staff about their LifeRisks 2.0 product and how it can be used […]

It’s been a varied week of news over the last seven days here on Artemis. With topics covered including the catastrophe bond market and insurance-linked securities, more longevity risk transfer news and discussion of new reinsurance sidecars and the retro market. As ever on a Monday morning, here are the ten articles which received the […]

The UK’s pension industry is leading the way in approaching longevity risk transfer and pension plan de-risking with the use of instruments such as longevity swaps, but the rest of the world is starting to take more notice as the risk of pensioners living longer than expected becomes a priority for defined benefit pension markets […]

We’ve been saying for a number of years that the longevity risk transfer market has the potential to grow to a massive size given the amount of liabilities pension plans around the world are exposed to. Longevity risk transfer takes many forms as pension plans offload longevity risks via swaps, hedges, buy-in/out, annuities and reinsurance. […]

Reinsurer Swiss Re has announced the completion of a £1.4 billion longevity insurance transaction for one of AkzoNobel’s UK pension funds. The collateralised re/insurance deal was written through Swiss Re subsidiary ReAssure Ltd. The transaction covers 17,000 individuals and their future contingent beneficiaries who were members of the AkzoNobel Pension Scheme at the 1st August […]

Another week has passed and still the record breaking $750m Everglades Re Ltd. cat bond is among the top stories of the last seven days. Another cat bond has now begun marketing as well as regular sponsor USAA bring their 18th transaction to market through a new SPV Residential Reinsurance 2012 Ltd. The market will […]

It’s been another busy week of news in the insurance-linked securities and catastrophe bond market. Our article which revealed the $750m size of Florida Citizens Everglades Re Ltd. cat bond has become one of our most read articles ever, having been read well over 1,500 times in less than a week. There was also news […]

The recent report on longevity risk from the IMF highlighted that the exposure is likely being severely underestimated and that globally longevity risk amounts to tens of trillions of dollars of exposure which is not currently being managed. The amount of longevity exposure in pension funds around the world is significantly larger than the capacity […]