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MMC UK Pension Fund's first longevity swap transaction will cover approximately £2 billion in liabilities
The international reinsurance business of the Prudential Insurance Company of America has closed its first reinsurance transaction involving an unnamed UK pension scheme using an independent regulated insurer, Zurich Assurance, as intermediary
Guernsey has seen a surge of pension longevity risk transfer deals over the past 18 months which has continued through COVID-19, according to Guernsey Finance
Willis Towers Watson has acted as the sole adviser to the AXA UK Group Pension Scheme on its £3 billion longevity swap with Hannover Re to manage longevity risk in the scheme
The bulk annuity market has shown great resilience throughout this year’s turmoil with over £30 billion of buy-ins and buyouts completed, according to Willis Towers Watson
Pacific Life Re, who manage clients mortality, longevity, and morbidity risk, has completed a longevity swap transaction with the Trustee of the Prudential Staff Pension Scheme
The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk concerning £1 billion of pensioner liabilities
The arrangement uses a captive solution with a HSBC-owned insurer in Bermuda and the Prudential Insurance Company of America, reinsuring the transaction, which relates to around half the scheme's pension liabilities
Attendees at this year’s Guernsey Insurance Forum heard how Guernsey is positioning itself as a ‘significant player’ in the international insurance community
While the current regulatory environment in Europe means it is not ideally suited to innovation, Marsh’s Lorraine Stack says the first steps have already been taken towards a more sophisticated future for captives
Experts convene to talk to Becky Butcher about the stability that Guernsey represents in a challenging financial and political environment
The soft insurance market has reportedly slowed captive growth in Guernsey, but the domicile continues to innovate to keep ahead
