Browsing: News: February 2025
Strong US annuity sales has led to increased formations of sidecars by life insurance companies to manage the growth and maintain risk-based capitalisation levels.
Hymans Robertson report expects 2025 to have a record-breaking number of transactions, across both small and larger schemes.
The estimated retiree pension risk transfer cost is now 101.6% of a plan’s accumulated benefit obligation.
RGA is to reinsure $32bn of a diversified mix of life insurance products and expects to deploy $1.5bn of capital into this reinsurance transaction at closing.
The deal covers a €2bn block of in-force individual annuity life policies.
The transaction secures the benefits of all eight deferred members and eight pensioner members, completing the buy-in of all scheme liabilities.
The deal insures the benefits of 181 Scheme members, comprising 70 deferred members and 111 pensioners.