Browsing: Longevity and Mortality Risk Transfer
Life Risk News’ coverage of the longevity and mortality risk transfer markets
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.
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.
Bodemeaid will be based in ARM’s new London office.
299 defined benefit pension scheme buy-ins completed in 2024 worth £47.6bn.
$4bn deal marks Fortitude Re’s second reinsurance transaction with Taiyo Life.
The new longevity insurance and reinsurance arrangements cover BTPS pensioner liabilities of £5bn with Swiss Re and increases existing cover with Reinsurance Group of America.