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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.
£1.4bn buy-in secures the benefits of 4,900 retirees and 5,600 deferred members.
More than 15,000 customers were active in one quarter for the first time in over a year, according to industry group the Equity Release Council.
The transaction secures the benefits of all 154 members, comprising 37 pensioners and 117 deferred members.
The £120m agreement insures Lufthansa Group’s three UK defined benefit pension schemes in one integrated transaction.
Taking place on Tuesday, 20th May, 2025 in London’s Canary Wharf district, the Life ILS Conference 2025 will be the event’s sixth edition.