Swap till you drop

Hot on the heels of Norwich Union becoming the third insurer to agree a longevity swap deal, rumours abound that pension schemes will follow suit. But obstacles to market development remain. Aaron Woolner reports


Long talked about in theory, longevity swaps look poised to become a mainstream reality. Investment bank Credit Suisse has been bullishly predicting it will sign a deal with a pension scheme "within weeks" at various recent conferences - although it declined to go on record. Others are making less firm predictions. Mark Wood, chief executive of buyout firm Paternoster, confirms quoting on a dozen separate longevity swaps, but is less sure of the timetable for this to translate into deals. "It is

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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