Life reinsurance
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Aon has confirmed it brokered £900mn of annuity reinsurance for the Liverpool Victoria Friendly Society (LV=) from the Reinsurance Group of America (RGA).
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Luca Tres, head of life at Securis, says the life ILS sector needs to steer clear of leveraged asset plays, which could fail if the wider markets collapse
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RenaissanceRe has partnered with Reinsurance Group of America (RGA) to launch a life reinsurer which will use third-party capital to target in-force life and annuity blocks.
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Leadenhall-backed Gryphon Group Holdings is to take on the Guardian brand name for its start-up which plans to take a technology-focused approach to providing life insurance products
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Bermuda life insurer Athene Holding has agreed to reinsure $19bn of fixed and fixed indexed annuity liabilities of Voya Financial, a US annuity provider
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Prudential Retirement has completed a sixth longevity reinsurance transaction with Legal & General that will see it take on £600.0mn ($803.6mn) of UK annuity business
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Legal & General has insured the benefits of pensioners in the Merchant Navy Officers Pension Fund (MNOPF) in a £490mn buy-in deal
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Australia, the Netherlands and Canada have been tipped as countries where longevity swaps are likely to take off in future due to improved data and regulatory conditions, market participants have said
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Solvency II continued to drive life deals in 2017 after the EU capital regime came into force last year, while the market dislocation seen in 2016 following an increase in mortality rates finally abated, sources said. -
Swiss Re has agreed to purchase 1.1 million life insurance policies from Legal & General for £650mn.
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NN Life, part of the Nationale-Nederlanden (NN Group), has offloaded EUR3bn of longevity risk to Hannover Re in an index-based longevity transaction, according to sources.
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Schroders has launched a specialist life ILS fund with $750mn of committed capital, the company announced today.
