Axa agrees market's first ever deferred longevity swap with Hannover Re

James Phillips
clock • 2 min read

The Axa UK Group Pension Scheme has agreed a £3bn longevity swap with Hannover Re, insuring the longevity risk of a largely non-pensioner population.

Closed on 27 February, the deal is thought to be the first in the UK to cover deferred members and includes pensions that may come into payment after 31 March 2019. Around 16,000 members are pro...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Just Group posts H1 results revealing £647m in PRT sales

Just Group posts H1 results revealing £647m in PRT sales

Insurer says its strong position in the smaller scheme segment has led to steady deal flow

Jonathan Stapleton
clock 22 September 2026 • 2 min read
Pension risk transfer volumes surpass £10bn in H1

Pension risk transfer volumes surpass £10bn in H1

Consultants expects market capacity to increase following insurer acquisitions

Martin Richmond
clock 22 September 2026 • 4 min read
Buy-in to buyout and member experience

Buy-in to buyout and member experience

What best-in-class transitions and member service looks like

Jonathan Stapleton
clock 17 September 2026 • 37 min read
Trustpilot