The UK longevity risk transfer market is on the brink of achieving record transaction volumes in 2013, with the close of a further major deal this week and more transactions expected before the end of the year.
On December 16, AstraZeneca Pension Fund closed a £2.5 billion longevity swap with Deutsche Bank. This followed a £1 billion transaction last week by Carillion, with Deutsche Bank once again acting as intermediary. In both transactions, the risk was ultimately passed to reinsurers.
The week on Risk.net, December 2–8, 2017Receive this by email