Browsing: 2025 – February
Our March 2025 Editor’s Letter for Life Risk News Volume 4, Issue 3. We hope you enjoy the latest issue of Life Risk News.
RGA is to reinsure $32bn of a diversified mix of life insurance products and expects to deploy $1.5bn of capital into this reinsurance transaction at closing.
The estimated retiree pension risk transfer cost is now 101.6% of a plan’s accumulated benefit obligation.
Hymans Robertson report expects 2025 to have a record-breaking number of transactions, across both small and larger schemes.
Strong US annuity sales has led to increased formations of sidecars by life insurance companies to manage the growth and maintain risk-based capitalisation levels.
The deal covers a €2bn block of in-force individual annuity life policies.
The transaction secures the benefits of all eight deferred members and eight pensioner members, completing the buy-in of all scheme liabilities.
The deal insures the benefits of 181 Scheme members, comprising 70 deferred members and 111 pensioners.
The SHPAA would have allowed seniors to put the proceeds of a life settlement into a tax-deferred/tax-free savings account for the senior and their family to use for health care and long-term care expenses.
Growth in the purchase of bulk annuity contracts by small defined benefit (DB) pension schemes over the past couple of years has been accompanied by the emergence of templated transfer processes that speed the closure of deals, enabling insurers to execute more of them.