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.
£1.65bn bulk purchase annuity buy-in secures benefits for all 16,400 scheme members.
Increased competition for defined benefit pension schemes’ de-risking business in the UK has resulted in many insurers offering value-added incentives to better attract trustees and sponsors.
Recent S&P Global stress test shows UK life insurers with a coverage ratio of 200% could comfortably withstand an extreme scenario that assumes a default rate of about 11% in the illiquid portion of a hypothetical BPA insurer portfolio.
Schepps offers his views on the current state of the longevity architecture in the US.
Moret has over 20 years of experience in the pensions and insurance industry, including 12 years in the UK BPA market.
£58m bulk purchase annuity partial buy-in secures the pension benefits of the 375 members who were not already insured.
£85m bulk purchase annuity transaction secures the pension benefits of 740 members.
The regulation, which was introduced at the beginning of the year in the US, has a potential impact on pricing.
£300m transaction, which was completed in May 2026, secures the benefits of 4,500 scheme members.
£208m bulk purchase annuity transaction secures the benefits of more than 1,250 members and is Royal London’s third-largest external BPA transaction to date.