MMC Pension Fund completes mammoth £3.4bn longevity risk transfer

James Phillips
clock • 3 min read

The Marsh & McLennan Companies (MMC) UK Pension Fund has finalised a £3.4bn longevity risk transfer to the global reinsurance market through a captive solution.

The deal, which completed in July, covers liabilities for all 7,500 pensioner members, and used a "captive approach" to structure a contract with Guernsey-based insurer cells managed by Marsh Capit...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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