Longevity swap market expands after record year

Jack Jones looks at the year ahead in longevity transactions

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The flurry of transactions announced in December made 2013 a bumper year for longevity swaps.

Three big deals (see below) took the value of liabilities covered in the year to just under £9bn. Early indications are that 2014 will see more of the same with insurers reporting strong pipelin...

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