Munich Re North America Life has announced a new longevity reinsurance offering to its clients in Canada and the US.
The new offering enables firms to pass on longevity risk by converting uncertain future pension or annuity payments into a fixed cash flow stream, locking in mortality assumptions and a fee at inception.
“We believe there is significant, untapped demand for longevity reinsurance in the US and Canada markets and we are well positioned to meet it,” said Mary Forrest, President and CEO of Munich Re North America Life.
“We are known for applying our scale, capacity, and insight to solve complex client challenges in ways that enable them to grow their businesses. We look forward to partnering with clients to evaluate the impact of longevity reinsurance and to designing a customized approach that supports their specific goals. We are now among the few reinsurers offering longevity reinsurance to the North American market.”
