Life reinsurance
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Prudential Retirement, a unit of Pension Insurance Corporation (PIC) and Prudential Financial, has offloaded £900mn ($1.2bn) of longevity risk to Prudential Insurance Company of America.
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The Hartford has agreed to acquire Aetna's US group life and disability business in a $1.45bn deal that it said would make it the second largest group life and disability insurer in the US market with approximately $5bn in expected earned premium.
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Japanese insurer MS&AD Insurance Group Holdings has agreed to invest up to £800mn in Swiss Re's UK closed life book consolidator ReAssure
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The price of longevity swaps has dropped this year, partly due to reinsurers adjusting their rates to reflect the slowdown in life expectancy improvement, sources told Trading Risk -
Robus Group has hired Marsh senior account executive David Riley to set up its first fully independent longevity swap incorporated cell company (ICC).
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British Airways' pension scheme APS has finalised a £1.6bn (EUR1.8bn) longevity swap with PartnerRe and Canada Life Re via a captive in Guernsey, its trustee board said in a letter to members
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Bermuda life insurer Athene Holding entered the pension risk transfer market for the first time in the second quarter as its Iowa life insurance subsidiary assumed $320mn of liabilities.
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UK energy provider SSE has finalised a £1.2bn ($1.56bn) combined longevity swap and buy-in for two of its defined benefit pension schemes, adviser Hymans Robertson said.
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Pension insurance company Rothesay Life said a trio of investors have agreed to buy Goldman Sach's remaining stake in the company for an undisclosed sum.
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Swiss Re has signed up to reinsure Spanish life insurer Bansabadell Vida's individual life risk portfolio for a commission of EUR683.7mn ($797mn).
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Alternative reinsurance growth; ILS rankings; Cyber loss potential; Egon loss estimates rise; Hannover Re fronting expansion; PIC reinsures £1bn longevity risk...
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Pension Insurance Corporation (PIC) has concluded a £1bn longevity reinsurance agreement with Scor, the companies announced.
