Market growing for longevity swaps for deferred members

Longevity swap usage is expected to grow further as more reinsurers enter the market to hedge the risk of deferred members, according to Mercer.
The consultancy said four of the ten reinsurers providing longevity swaps were now prepared to cover the risk of non-pensioner members, up to a certain level. Mercer partner Suthan Rajagopalan said:...
More on Risk Reduction
Evonik scheme completes £544m full buy-in with L&G
The defined benefit (DB) scheme of Evonik Holdings UK has agreed a £544m full buy-in with Legal & General (L&G) Assurance Society.
Exclusive: Market volatility to spur £30bn of buy-ins and buyouts in 2021
Pension risk transfer volumes this year will look similar to those in 2020 as market volatility creates opportunities for schemes able to act fast, according to Willis Towers Watson.
Pension Schemes Bill set for final debate next week
The Pension Schemes Bill has been scheduled for ping-pong, its penultimate step before becoming law.
Marie Curie completes £30m buy-in with L&G in first 2021 deal
The Marie Curie defined benefit (DB) scheme has entered into a circa £30m full scheme buy-in agreement with Legal & General (L&G) Assurance Society.
MetLife reinsures $2bn of Legal & General pension risk
Metropolitan Tower Life Insurance Company has announced it completed four longevity reinsurance transactions with Legal & General (L&G) Assurance Society last year.