Browsing: Longevity Risk
Longevity and Mortality Investor’s coverage of bulk purchase annuity transactions. We are a leading source globally for longevity risk analysis, commentary and insights.
Third quarter 2025 US pension risk transfer sales fell 32% year over year, but single-premium buy-in sales jumped 328% in the third quarter to $4.3bn, according to LIMRA’s U.S. Group Annuity Risk Transfer Sales Survey.
The Comet Pension Scheme has completed a £330m full-scheme bulk purchase annuity buy-in transaction with Canada Life. The deal secures the future benefits of 4,500 pension scheme members.
The US pension risk transfer market delivered just $11.5bn in total premium in the first half of 2025, but two transactions above $1bn in the third quarter mean that Q3 alone could end up adding $9bn to that number, according to Legal & General Retirement America.
The new longevity insurance and reinsurance arrangements cover pensioner liabilities in the Lloyds Bank Pension Scheme No.1 (£3.1bn), Lloyds Bank Pension Scheme No.2 (£0.7bn) and HBOS Final Salary Pension Scheme (£1bn).
Two new reports from insurance asset manager Conning – one of them produced in conjunction with life settlement industry group the European Life Settlement Association (ELSA), publisher of Longevity and Mortality Investor – paint an optimistic picture of the state of the life settlement market.
Reasons abound as to why the inclusion of illiquid assets in the portfolios of defined benefit pension schemes can be a hindrance to the process of completing a bulk purchase annuity buy-in or buy-out in the UK but insurer appetite to capitalise on the booming pension risk transfer market means that any resistance is not as pronounced as it was previously.
The trustees of the Steamship Insurance Management Services Limited Pension and Assurance Scheme completed a c.£55m bulk purchase annuity transaction with Royal London. This transaction is Royal London’s third with Barnett Waddingham as risk transfer broker and covers more than 350 members.
Charles H. Portz, IV joins Lighthouse Life as CFO; Adam Lippman and Noam Weiss promoted to Chief Operating Officer and Chief Business Officer, respectively.
Two pension schemes sponsored by CF Fertilisers UK Limited, the UK subsidiary of a global manufacturer of hydrogen and nitrogen products for clean energy, have completed bulk purchase annuity buy-in transactions with M&G.
New study finds that while the number of new policy settlements declined in 2024, long-term growth drivers remain strong.