pension

Despite the well-publicised impacts to pensions because of the global decline in asset values through 2022, US corporate pension funds actually ended the year with their largest funding surplus in decades.

The Board of the Plymouth County Retirement Association, a retirement manager that provides pensions and benefits to over 11,500 participants from 24 municipalities, 5 regional schools, 17 housing authorities, and 6 special districts, is seeking an insurance-linked securities (ILS) investment manager for an allocation.

Government instigated performance tests for Australian superannuation funds, so pension and retirement investment houses, could potentially have an effect of making investing into asset classes like insurance-linked securities (ILS) at scale more challenging, research suggests.

PGGM, the Dutch pension fund investment manager and the largest end-investor in the insurance-linked securities (ILS) space, has promoted its employee Youssef Sfaif to the role of Director, Credit & Insurance Linked Investments.

Reinsurance firm Swiss Re has entered into an agreement with HSBC to purchase over 400,000 individual and group pension and related annuity policies as well as GBP £4.2 billion in unit-linked assets from HSBC Life (UK) Limited.

The International Monetary Fund has published a chapter of its Global Financial Stability Report which discusses ‘The Financial Impacts of Longevity Risk’. In it they warns that the U.S. and other governments need to acknowledge the size of the longevity risks they are facing, put in place mechanisms for improved risk sharing between governments, private […]

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 […]

The insurance-linked securities market saw steady issuance during 2011 and still managed to achieve near $5 billion of new issuance despite the disruptions to the market caused by new risk models and large catastrophe events, says Towers Watson in their January report on the P&C re/insurance market (available here). Sponsors of ILS and catastrophe bond […]

CAMRADATA Analytical Services have announced the launch of a pension risk transfer product database aimed at U.S. defined benefit plans and sponsors. It aims to provide a transparent view of the insurance options available to allow pension schemes to transfer risks, including pension buy-in and buy-outs.

The market for transferring the risks associated with pension schemes, including transferring longevity risk, has continued to grow during the last quarter in the UK. Q2 became one of the busiest quarters for the pension risk transfer market since the credit crisis of 2008, resulting in £1.4 billion of risk transfer deals completed, comprising buy-ins, […]