Browsing: Longevity and Mortality Risk Transfer
Longevity and Mortality Investor’s coverage of the longevity and mortality risk transfer market, including pension risk transfer, longevity swaps and other de-risking activities.
The total value of all three deals is £900m.
The deal secures the pensions of around 500 plan members.
Transaction covers two schemes worth £63m and £4m.
The estimated retiree pension risk transfer cost is now 101.1% of a plan’s accumulated benefit obligation.
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.
The deal completed in April 2025 and secures the benefits of 66 pensioner and 8 deferred members at PPF+ levels.
Transaction covers the benefits of approximately 1,300 in-payment members.
The Prudential Regulation Authority, the UK insurance regulator, has increased its scrutiny over the use of funded reinsurance in recent times, but its use should still continue.
A range of actuarial and risk management techniques are employed by US life insurers using private assets to back group annuity contracts.
The Irish pension risk transfer market slow to get going amidst regulatory logjams.