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Prudential participates in reinsurance of Rolls-Royce longevity swap risk

7th December 2011

Prudential Financial have announced that they have participated as a reinsurer in the recent longevity transaction between Rolls-Royce and Deutsche Bank. The transaction saw Rolls-Royce offload some £3 billion of its pension liabilities in a longevity swap deal with Deutsche Bank. The longevity risk has in turn been passed on to a group of reinsurers, […]

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Rolls-Royce in £3 billion longevity swap with Deutsche Bank

28th November 2011

Aerospace and engineering firm Rolls-Royce has announced the completion of a longevity swap transaction completed to give additional security to the members of its final salary pension scheme. In a longevity swap contract with Deutsche Bank, Rolls-Royce have offloaded some £3 billion worth of pension liabilities, covering some 37,000 pensioners.

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