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 funding ratio and the aggregate funding position of the 4,969 schemes in the PPF 7800 Index fell in March, down from 126.1% to 124.7% and a £232.7bn surplus to a £215.5bn surplus, respectively.
The transaction, completed back in January 2025, secures the benefits of all 705 Scheme members which comprises 396 pensioners and dependants as well as 309 deferred members.
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.
The transaction secures the benefits of 15 pensioners and 8 deferred members and was led by K3 Advisory.
LCP’s analysis is based on insurers’ final reported results for 2024.
Bodemeaid will be based in ARM’s new London office.
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.
$4bn deal marks Fortitude Re’s second reinsurance transaction with Taiyo Life.
299 defined benefit pension scheme buy-ins completed in 2024 worth £47.6bn.