Insurers eye longevity swap market

Swap shop

Swap shop

Insurers and reinsurers are making their presence felt in the longevity swap market. In January, Legal & General (L&G) undertook its first longevity swap transaction, confirming a £1 billion deal with Pilkington Superannuation Scheme. Later in the year, Swiss Re signed its first longevity swap deal for three years, with a £1.4 billion transaction with the pension scheme of Dutch chemicals group AkzoNobel. Other insurers and reinsurers are also looking at opportunities to t

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