So far, longevity de-risking has been a uniquely British affair – the entire global market for longevity de-risking can be found in a smattering of swaps completed in the UK over the last 18 months. And apart from a bold attempt by the World Bank to launch a longevity bond in Chile in 2009, the UK has so far been the only market where longevity transactions have been considered in a serious way.
This story is changing, however. According to Franck Pinette, Paris-based chief executive of European
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