Download Life Risk News Volume 2, Issue 2, February 2023
The pension risk transfer market in the UK had a solid, if not spectacular, year in 2022, with deal volumes largely flat vs 2021. But that could be about to change in 2023, according to a new report from consulting firm WTW. Greg Winterton spoke to Louise Nash, a Director in WTW’s UK Pension Risk Transfer team, to get her thoughts on what the market has in store this year in 2023 Set To Be Banner Year for UK Pension Risk Transfer Market.
Performing mortality analysis is part of the day-to-day for life insurance companies, but the Covid-19 pandemic continues to present modelling challenges for the industry. Aaron Woolner spoke to Mark Sharkey, Global Head of Pension Strategy at longevity specialists, Club Vita, Nicola Oliver, Director of Life and Health at longevity consultancy, Medical Intelligence, and S. Jay Olshansky, Co-Founder of longevity specialists Lapetus Solutions, to get their views on the challenges in Uncertainty Clouds Insurers’ Post-Covid-19 Mortality Projections.
In December last year, an unexpected data request was made of life settlement providers by the Florida Office of Insurance Regulation. The request has been dropped for now, but Jeffrey Davis spoke to Brian Casey, Partner with Locke Lord LLP, Bryan Nicholson, Executive Director at LISA, and an anonymous source, to see what all the fuss was about in Florida Office of Insurance Regulation Data Request on the Back Burner – For Now.
Our roundtable this month sees Greg Winterton speak with life settlements asset managers William Corry, Founder and Managing Director, Corry Capital Advisors; Walter Deeter, Co-Founder, Managing Director & Chief Investment Officer, Burdette Asset Management; Patrick McAdams, Investment Director, SL Investment Management; and Maurizio Pellegrini, Life ILS & US Life Settlements Manager, Azimut Investments to get their thoughts on the current state of the life settlement market and their outlook for the coming 12-24 months.
Our first commentary article this month comes courtesy of Stuart McDonald, Partner and Head of Longevity and Demographic Insights at Lane Clark & Peacock LLP. McDonald offers his views on the consequences of the Covid-19 pandemic on the UK’s pensions industry in The Legacy of the Pandemic for Pension Scheme Mortality.
Our poll for January 2023 asked, Are Life Risk Investors Generally Price-Makers or Price-Takers? Life Risk News readers feel pretty conclusively about this one.
Our second commentary piece this month comes courtesy of James W Maxson, Partner at Edwards Maxson Mago & Macaulay, LLP. Maxson explains the risks when individuals and companies rely on the so-called “natural person” exemption from licensure to purchase policies in Caveat Emptor: Life Settlements and the Natural Person Exemption From Licensure.
This month’s Q&A is with Meghan Shue, Head of Investment Strategy at Wilmington Trust. Shue offers her thoughts on Wilmington’s recent Capital Markets Forecast (CMF) and investor portfolios more generally.
To many, insurance companies don’t have the capacity to absorb all the longevity risk that defined benefit pensions currently hold and so enabling capital markets participation in longevity risk is a natural solution to that challenge. Greg Winterton spoke to Avery Michaelson, CEO at Longitude Exchange, to learn about how exchanges could play a part in Is a Digital Exchange the Solution to the Investor Participation in Longevity Risk Transfer Conundrum?