Longevity Risk
Risk Reduction
The insurance industry faces a "severe" concentration of systematic longevity risk through the market for buy-ins, buyouts and longevity swaps, according to professor David Blake.
17 June 2015
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Defined Benefit
Insurance companies now account for 6.5% of all UK defined benefit (DB) pension scheme liabilities following another record year for risk transfers.
02 March 2015
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Risk Reduction
The trustee of the Merchant Navy Officers Pension Fund (MNOPF) has hedged the longevity risk for £1.5bn of the scheme's members.
07 January 2015
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Risk Reduction
Rothesay Life has hedged the longevity risk relating to £1bn of its pension liabilities in a series of deals with Pacific Life Re.
19 December 2014
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Risk Reduction
Pension Insurance Corporation (PIC) has reinsured the longevity risk relating to £2bn of liabilities with Hannover Re and Reinsurance Group of America this year.
15 December 2014
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Defined Contribution
Matthew Fletcher has been appointed as a senior longevity technical consultant by Hymans Robertson.
04 November 2014
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Risk Reduction
Legal & General (L&G) has reinsured the longevity risk relating to £1.35bn of bulk annuity contracts with Prudential Retirement Insurance and Annuity Company (PRIAC).
27 October 2014
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Defined Benefit
UK schemes have increased longevity assumptions by six months in the last three years, according to research from Mercer.
29 September 2014
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Risk Reduction
PGL Pension Scheme has completed a £900m longevity swap, using an insurance company owned by its sponsoring employer to access the reinsurance market.
21 August 2014
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