Browsing: News: March 2025
News from across the longevity and mortality risk markets
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.
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.
The buy-ins were completed as part of a combined transaction, securing the benefits of over 5,100 retirees and 2,500 deferred members.