Scor eyes UK pension funds’ longevity risk

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French reinsurer Scor has announced plans to target the UK pensions sector for longevity risk reinsurance deals.

The €3 billion (£2.5 billion) by premium reinsurer is aiming at securing around €115 million in longevity deals with the UK pension sector by 2013, in a bid to capitalise on the burgeoning longevity market.

“The focus is initially on the UK, but we will expand to consider continental European countries with developed pensions sectors like Germany and the Netherlands,” says Frieder K