The RAC (2003) Pension Scheme Completes Full Buy-In Bulk Purchase Annuity Deal With Aviva
The RAC (2003) Pension Scheme Completes Full Buy-In Bulk Purchase Annuity Deal With Aviva
The RAC (2003) Pension Scheme has completed a £1.3bn bulk purchase annuity full buy-in with Aviva. The deal, which included a novation of the scheme’s existing longevity swap and the transfer of illiq
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Life Insurance Settlement Association Elects Neal Jacobs as New Chair
Life Insurance Settlement Association Elects Neal Jacobs as New Chair
Industry group the Life Insurance Settlement Association has elected Neal Jacobs, Senior Managing Director of Capital Markets at Coventry, as its new board Chair.  Jacobs succeeds John Dallas, CEO of
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US Senior Home Equity Hits $14trn in Second Quarter
US Senior Home Equity Hits $14trn in Second Quarter
Homeowners aged 62 and older in the US saw their housing wealth increase by $600bn in the second quarter of this year, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage
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The Retreat York Pension Scheme Completes Buy-In With Royal London
The Retreat York Pension Scheme Completes Buy-In With Royal London
The Retreat York Pension Scheme has completed a £30m full scheme bulk purchase annuity buy-in transaction with Royal London. The deal secured the benefits of 202 pensioners and 108 deferred members.  
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Equitable Holdings, RGA in Reinsurance Transaction
Equitable Holdings, RGA in Reinsurance Transaction
Equitable Holdings has entered into an agreement with Reinsurance Group of America (RGA) to reinsure a diversified block of life insurance products and expand their strategic partnership.  RGA is to r
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Competitive Pension Risk Transfer Cost Ticks up in January
Competitive Pension Risk Transfer Cost Ticks up in January
The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.4% to 101.6% of a plan’s accounting liabilities (accumulated benefit obligation, o
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2025 Set To Be Another Recording Breaking Year for the Risk Transfer Market
2025 Set To Be Another Recording Breaking Year for the Risk Transfer Market
This year will be a buoyant year for the risk transfer market according to Hymans Robertson, which has published its Risk Transfer Report 2025 today.   The consultancy’s report expects 2025 to have a
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Use of Life/Annuity Sidecars As Reinsurance Solution Expected To Increase
Use of Life/Annuity Sidecars As Reinsurance Solution Expected To Increase
Strong US annuity sales has led to increased formations of sidecars by life insurance companies to manage the growth and maintain risk-based capitalisation levels, with ceded reserves increasing three
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Pacific Life, Nationale-Nederlanden in Longevity Swap Deal
Pacific Life, Nationale-Nederlanden in Longevity Swap Deal
Nationale-Nederlanden (NN Life) has completed a longevity swap reinsurance agreement with Pacific Life Re. The deal covers a €2bn block of in-force individual annuity life policies and includes an ong
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Geoghegan & Company Staff Pension Scheme Secures Buy-In With Just Group
Geoghegan & Company Staff Pension Scheme Secures Buy-In With Just Group
The Geoghegan & Company Staff Pension Scheme has secured a full scheme buy-in with Just Group.   The £1.5m transaction secures the benefits of all eight deferred members and eight pensioner member
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Deutz Retirement Benefits Plan Completes Buy-In With Just Group
Deutz Retirement Benefits Plan Completes Buy-In With Just Group
The Deutz Retirement Benefits Plan, sponsored by Deutz AG, a manufacturer of drive systems, has completed a bulk purchase annuity buy-in transaction with Just Group.  The transaction, worth £16m, was
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US Single-Premium Pension Risk Transfer Sales Up by More Than a Third in Q3 2024
US Single-Premium Pension Risk Transfer Sales Up by More Than a Third in Q3 2024
Total US single-premium pension risk transfer (PRT) premium was $14.2bn in the third quarter, up 36% from prior year’s results, according to LIMRA’s U.S. Group Annuity Risk Transfer Sales Survey.    Y
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