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.
The transaction releases capital resources that Monument will redirect to its core strategy of consolidation in European life insurance markets.
The aggregate funding position of UK defined benefit pension funds potentially eligible for entry to the country’s Pension Protection Fund fell £13bn last month to £202.5bn, a funding ratio of 122.8%.
The £7.5m transaction secures the benefits of all 121 members, comprising 26 deferred members and 95 pensioner members, and covers all scheme liabilities.
The transaction was finalised in March 2025 and is the ninth buy-in for Royal London’s BPA business.
The buy-in insures the benefits of 180 Scheme members comprising 99 deferred members and 81 pensioners.
March delivered not one, not two, but three notable announcements relating to life insurer credit risk which could have an impact the life settlement market.
New UK pensions surplus access rules could help resuscitate capital-backed journey plans.
Aggregate deal value in the Canadian pension risk transfer (PRT) market set a new record in 2024 and market fundamentals suggest activity will remain strong going forward.
Given the importance of systemic risks such as climate change in determining the long-term stability of the insurance regime, insurers’ climate change approach should be considered as part of the scheme trustee’s selection process in the bulk purchase annuity market.
The International Capital Standard (ICS) introduces a new approach to discounting illiquid liabilities — one that includes an explicit credit risk premium. But how does it compare to Solvency II’s Fundamental Spread? And what might it mean for UK insurers already familiar with the Matching Adjustment?