longevity

UK insurer Norwich Union has entered into a deal with Royal Bank of Scotland and Partner Re to transfer £475m of longevity related risks to the capital markets through what is essentially a longevity swap. The transaction will provide cover for these annuity/pension related risks up to 2018. Transferring these longevity risks to the capital […]

JP Morgan Chase & Co. has announced that they’ve taken on an unnamed UK insurers exposure to life expectancy risk in a deal valued at £500m ($901m). This is the latest in a string of recent moves by life insurers to offload their risk to others. Longevity swaps allow companies such as insurers and pension […]