Life reinsurance

The Dutch life insurer made its first ILS investments as it targets building a direct reinsurance portfolio.

Longevity swaps are expected to take off in the Benelux country due to an improved regulatory environment.

Securis Investment Partners has raised $370mn in subscriptions for the second vintage of its Securis Life Fund, the firm told Trading Risk.

Scor assumed 100 percent of the risk written by the insurer.

The reinsurance deal covers $700mn of liabilities.

A dearth of underwriters able to price longevity risk in what has turned out to be a robust year for longevity swaps is stalling the UK market, according to Amy Kessler, senior vice president and head of longevity risk transfer at Prudential.

The PIC parent has completed a number of longevity swaps.

The body said it was cautiously optimistic that an outbreak of the virus had been contained to remote areas.

Private lapse deals are on the rise in the ILS market, driven by Solvency II regulations which require life insurers to hold onto more capital for lapse risk, according to life ILS managers.

David Horley will work on deal origination, structuring and execution.

The World Health Organization calls the arrival of Ebola in an urban area “very concerning” although no deaths have been confirmed.

Canada Life Reinsurance has reinsured a significant proportion of the longevity risk.