LV= converts longevity swap into £800m buy-in with Phoenix Life
The LV= Employee Pension Scheme has agreed a buy-in of around £800m with Phoenix Life after converting an existing longevity swap.
The initial longevity insurance agreement was entered into in 2012 with ReAssure and reinsured by SwissRe. The reinsurance agreement will now be transferred to Phoenix Life. The conversion allowed the...
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