Browsing: Longevity Risk

The transaction covers over 850 deferred members and approximately 650 pensioners.

The buy-out transaction was completed in January 2025, with the buy-in having taken place in July 2024.

Finnerty will take up the position on 31st March 2025, succeeding Orla O’Connor, who is completing her six-year term as Chair.

Brookfield Wealth Solutions will operate under the Blumont Annuity UK brand.

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.