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The Prudential Insurance Company of America (PICA) has assumed the longevity risk attached to £1.3bn of annuity liabilities held by Scottish Widows.
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Aetna Life Insurance's $200mn Vitality Re IX cat bond has priced at a record low with both tranches of the deal settling below the initial guidance, according to sources
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Pension Insurance Corporation (PIC) has agreed a £725mn reinsurance agreement with PartnerRe which covers the longevity risk it acquired after insuring the Dockworkers Pension Fund in a buy-in last year.
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Lincoln Financial Group has agreed to purchase Liberty Life Assurance Company of Boston from Liberty Mutual for $3.3bn.
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Renaissance Re has made a minority investment in run-off specialist Catalina, it confirmed in a press release yesterday.
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Hymans Robertson has hired actuary Baljit Khatra from Mercer as a risk transfer consultant, the company announced.
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RenaissanceRe and Reinsurance Group of America (RGA) may look to raise further life reinsurance funds following the launch of their $780mn joint venture Langhorne Re, sister publication The Insurance Insider reported.
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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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Legacy manager Armour has confirmed that an investor group led by Aquiline Capital Partners has raised $500mn to finance a takeover of the firm, following earlier reports of the deal.
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Run-off specialist Armour has been bought by private equity house Aquiline, sister publication The Insurance Insider has reported
