Browsing: News: June 2025
The portfolio comprised approximately 70 life insurance policies with an aggregate face value of more than $500m.
The deal secures the pensions of around 500 plan members.
The total value of all three deals is £900m.
ClearLife will be adding to its suite of software and consulting services for longevity-risk market participants, including reverse mortgages and structured settlements.
The estimated retiree pension risk transfer cost is now 101.1% of a plan’s accumulated benefit obligation.
Transaction covers two schemes worth £63m and £4m.
The report, which covers the period 2024/2025, analyses data received from market leaders across 13 countries internationally across Europe, North America and Australia with established or developing equity release markets and explores their growth potential.
Sixth straight quarter where sales pass $100bn.
The agreement, Clara’s fourth, marks another milestone for UK superfunds, as both the first transaction to make use of a ‘connected covenant’ structure and the first involving a not-for-profit employer.
Transaction covers the benefits of approximately 1,300 in-payment members.