Deal with Dutch insurer Aegon marks French bank’s first major transaction in the longevity swap market
Third-quarter results show small increase in equity exposure and lower-grade corporates
Longevity modelling must evolve
Dutch regulator to begin Solvency II test on insurers
Aegon €12 billion longevity swap ‘shows appetite of capital market investors for diversifying assets’
On the move
An €11 billion increase in the liabilities of the top four Dutch pension funds owing to life expectancy improvements could see a longevity swap deal agreed in the Netherlands
A two-tier regulatory market could develop across Asian insurance sectors as Solvency II capital requirements for European insurers will cause them to lose out to domestic competition
Out of the ashes
A proposed new modelling framework from the Dutch insurer's US arm uses cost of capital in an analogous role to the market price of risk in traditional pricing theory to value long-dated options embedded in VA liabilities
UK arm of insurer appoints two directors to join its risk team
EC makes variable annuity hedging a factor in Aegon bailout approval decision
Absence of measures forcing payments to Dutch state at expense of subordinated debt holders means Fitch upgrades firm's hybrid capital
Colin Purdie, formerly of Aegon Asset Management, joins Aviva Investors as SRI credit fund manager.
Operational risk is potentially the biggest risk faced by insurers – and also one of the most difficult to model. However, as a number of loss data aggregation initiatives globally either emerge or mature, insurers are better placed to quantify their...
Variable annuity providers were hurt by basis risk, extreme volatility and policyholder lapses during the crisis, and guarantees were scaled back and repriced as a result. Now risk management is driving a US-led surge of innovation. Laurie Carver reports