Swiss Re has confirmed it was the counterparty behind a £750m longevity swap with the Royal County of Berkshire Pension Fund.
The insurer said the deal with the local authority marked the first pure longevity risk transfer written for any government body worldwide. It is the third such deal in the UK. The contract tran...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
