The UK longevity risk transfer market is on the brink of achieving record transaction volumes in 2013, with the close of a further major deal this week and more transactions expected before the end of the year.
On December 16, AstraZeneca Pension Fund closed a £2.5 billion longevity swap with Deutsche Bank. This followed a £1 billion transaction last week by Carillion, with Deutsche Bank once again acting as intermediary. In both transactions, the risk was ultimately passed to reinsurers.
The week on Risk.net, March 10-16 2018Receive this by email