Author: Greg Winterton

Martin Kramer, Managing Partner at Ceptar Consulting, shares what’s been happening in the tertiary part of the life settlement world for this month’s Q&A.

Potential new entrants seeking to get a piece of the life insurance-based permanent capital action have a few options.

The transaction, completed back in January 2025, secures the benefits of all 705 Scheme members which comprises 396 pensioners and dependants as well as 309 deferred members.

The funding ratio and the aggregate funding position of the 4,969 schemes in the PPF 7800 Index fell in March, down from 126.1% to 124.7% and a £232.7bn surplus to a £215.5bn surplus, respectively.

Universal life insurance policy application activity was yet again lower in March when compared to the prior year, seeing an 8.7% reduction compared to 2023.

The transaction involves approximately 8,200 participants and invested pension capital of around EUR 950m, making this transaction the largest buyout by Zwitserleven to date.

First transaction in the UK PRT market by Macquarie Asset Management-owned insurer.

The new longevity insurance and reinsurance arrangements cover £2.1bn and £3.0bn of pensioner liabilities in the Lloyds Bank Pension Scheme No.2 Scheme and the HBOS Final Salary Pension Scheme respectively.

LCP’s analysis is based on insurers’ final reported results for 2024.

The transaction secures the benefits of 15 pensioners and 8 deferred members and was led by K3 Advisory.