Awards 2011: Longevity risk transfer: Swiss Re

Longevity risk transfer: Swiss Re

Kerry McMullan Swiss Re

The issue of global longevity is significant and continues to grow due to ageing populations and higher risk awareness. Global longevity liabilities have been estimated at more than $20 trillion (£12.7 trillion).

The problem has been that reinsurers have found limited appetite from the capital markets to acquire this risk.

Kerry McMullan, London-based director at Swiss Re, says: “Reinsurers are a natural home for longevity risk as we can hedge the risk. But we can see a time where reinsurers wil