longevity risk

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Prudential executes $6bn in longevity reinsurance for Rothesay Life

Prudential said that it has executed another $6 billion of longevity reinsurance transactions with UK pension risk transfer specialist life insurer Rothesay Life, in two transactions that are the seventh and eighth between the pair. The Prudential Insurance Company of America (PICA), a unit of Prudential Financial, Inc., said it has read the full article →

Pacific Life Re reinsures giant £10bn UK longevity swap for Lloyd’s Bank pensions

Global life, longevity and morbidity reinsurance firm Pacific Life Re has completed the second largest UK longevity swap transaction on record, taking on UK £10 billion of longevity risk from Lloyd's Banking Group pension funds. The longevity swap arrangement has been entered into with Lloyds Banking Group Pensions Trustees Limited, on read the full article →

Longevity swap market forecast for record £25bn+ year in 2020

The longevity swap market is forecast to experience record levels of activity in 2020, with availability of reinsurance capacity likely to be a key consideration for pensions looking to offload the risk of their members living longer. Willis Towers Watson (WTW), the insurance or reinsurance brokerage and consultancy, says that it read the full article →

Longevity swap market records could be broken in 2020: WTW

The longevity swap market could see a record volume of transactions in 2020 as market conditions look set to make hedging longevity risk particularly conducive, while insurance and reinsurance capital abundant and appetite for large longevity risk transfer deals high. So says insurance and reinsurance broker Willis Towers Watson (WTW), who read the full article →

Aegon gets €12bn longevity reinsurance cover from Canada Life Re

Dutch headquartered life, pensions and annuities focused insurer Aegon has secured a €12 billion longevity reinsurance transaction with Canada Life Re, helping it to transfer more of its longevity risk to the benefit of its solvency measures. Aegon had been pressured on a solvency basis, so securing this significant longevity risk read the full article →

Zurich & Hannover Re deliver £800m longevity swap for FTSE 100 pension

Insurer Zurich and reinsurance firm Hannover Re have delivered an £800 million longevity swap arrangement for an unnamed UK pension fund belonging to a FTSE 100 firm, protecting it against the risk of pensioners and members living longer than forecast. Zurich acted as the insurer, entering into the longevity swap agreement read the full article →

One-third of FTSE 100 has transferred pension longevity risk: Aon

An impressive one-third of the companies in the UK's FTSE 100 index of leading shares have already transferred longevity risk associated with their pension schemes, according to Aon. The insurance and reinsurance broker said that the 32 FTSE 100 companies that have entered into longevity risk transfer deals, either bulk annuities read the full article →

Attractive pricing to drive further longevity swap deals: Aon

Aon said it is expecting to see a number of large longevity swap transactions completed during the second-half of 2019, as longevity risk transfer and reinsurance pricing remains attractive. Activity has been slower in the longevity swap market for a time, although longevity reinsurance and pension risk transfer activity in general read the full article →

Structures help largest pensions access reinsurance more effectively: Aon

Innovative insurance and reinsurance market regulatory structures help even the largest pension schemes in the world access the reinsurance market more efficiently, broker Aon said. It's interesting, as we spend much of our time writing about how the world's largest pension fund investors can efficiently access the reinsurance market as a read the full article →

HSBC longevity swap a “pivotal moment” for market: Kessler, Prudential

The £7 billion longevity swap and reinsurance transaction that Prudential Financial, Inc. completed recently for the HSBC Bank UK pension scheme is the second largest such arrangement in longevity risk transfer market history. This recently completed transaction marks a "pivotal moment" for the longevity risk transfer community, Prudential Insurance Company of read the full article →