BT's £16bn longevity swap opens the door for more mega deals

Jack Jones looks at the implications of a record-breaking exercise

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Jack Jones looks at the implications of BT's record-breaking risk transfer exercise.

The £16bn longevity swap between BT and Prudential Insurance Company of America (PICA) broke new ground in the risk transfer market. At more than three times bigger than the £5bn Aviva transaction ...

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