longevity risk transfer

The Life & Longevity Markets Association (LLMA), an industry group who have been working to make longevity a tradeable risk, have announced today the launch of its own four longevity indices. The LLMA Longevity Indices can be used as a reference for the transfer of longevity risk from those seeking to hedge to investors and […]

Since the longevity risk transfer and pensioner longevity de-risking market began in earnest in 2006 over £40 billion of pensioner liabilities have been transferred using instruments such as longevity swaps, buy-ins and buy-outs according to an update from Hymans Robertson. The total volume of risk transfer deals is expected to surpass £50 billion by the […]

With an ageing population, slowing birth rate and an increasing rise in life expectancy as well as impending accounting standards which will encourage the need to show their capital adequacy, Japanese insurers and pension schemes are expected to face growing longevity risks in the coming years, according to this article in Life & Pension Risk […]

Interesting news in the longevity swap and longevity risk transfer market today as Deutsche Börse and the longevity analytics arm of Hymans Robertson, Club Vita, announce the launch on Friday of the Xpect – Club Vita Indices. This new series of longevity indices aim to offer UK pension schemes an index-based alternative which they say […]

Risk Management Solutions (RMS) have announced that they conducted mortality and longevity risk analysis for the recently completed €12 billion longevity swap involving Aegon and Deutsche Bank. As we wrote on Friday here, the record-breaking longevity risk transfer transaction saw Aegon offload €12 billion of their Netherlands longevity risk to Deutsche Bank, who in turn […]

The largest publicly reported longevity swap (that we’re aware of) has been announced today between Aegon and investment bank Deutsche Bank. The €12 billion deal see’s Aegon partially offset the risk of future increases in the Netherlands and they say that as a result of this capital markets longevity swap transaction as much as a […]

Prudential Financial have announced their first longevity reinsurance transaction of 2012. The deal see’s Prudential Retirement reinsure Goldman Sachs subsidiary Rothesay Life, covering the longevity related pension liabilities almost 20,000 members of the Uniq plc Pension Scheme who are insured by Rothesay through a buy-in transaction. The longevity reinsurance covers pension liability values of $665m […]

UK based insurer Legal & General, who were recently involved in the £1 billion longevity risk transfer transaction with the pension scheme of Pilkington (which we covered here) are seeking to bring longevity risk transfer solutions to smaller pension schemes. They want to target schemes which have pensioner liabilities of as low as £50m, saying […]

2012 continues to be busy from an industry news point of view. Here’s your Monday morning chance to catch up on the top news you may have missed over the last seven days. The first catastrophe bonds of 2012 have begun marketing and there’s an interesting mix of deals coming to market. The longevity risk […]

As well as the roundtable discussion on catastrophe bonds which we covered earlier here, Standard & Poor’s also held a roundtable discussion on the topic of longevity securitization recently. Again the full publication of the discussion can be downloaded by subscribers to S&P’s Global Credit Portal or purchased from S&P here. With the growing longevity […]