Awards 2010: Longevity risk transfer (reinsurance): RGA

 

Diversification of risks is the fundamental principle of insurance and, with more than $2.2 trillion (£1.4 trillion) worth of global mortality risk exposure, the Reinsurance Group of America (RGA) is well placed to exploit the growing demand in the UK for longevity derisking.

In 2010, RGA’s London-based offshoot successfully concluded two longevity risk transfers, one with the UK arm of French insurer Axa and another with London-based Pension Insurance Corporation (PIC), worth more than £3