Further longevity deals expected in 2013
More deals expected to take place in 2013, but complexity of transactions is expected to limit market growth
Insurer LV= is the latest firm to sign an insurance contract to cover the longevity exposure on its employee pension plan, as companies seek to liberate risk capital in the low-yield environment.
Swiss Re announced on December 10 it had agreed a longevity insurance contract covering 5,000 members of the LV= pension fund, including 1,000 members who have yet to retire. The £800 million contract – the seventh signed by the Swiss reinsurer since 2007 – will allow LV= to better optimise its use of
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