Longevity/mortality Buy-Ins, Buy-Outs, Longevity Bonds, Pandemics

News

UK bulk annuity market to surpass £35bn in 2019

Market growth is driven by improved pricing, capacity and scheme funding, said Aon

UK High Court blocks Prudential-Rothesay Life £12bn annuity transfer

The deal had been part of Prudential’s plans to separate its UK and European business

Pension buy-ins and buy-outs break H1 record

H1 2019 volumes dominated by Legal & General and Pension Insurance Corporation

HSBC Bank UK offloads £7bn of longevity risk to Prudential Financial

Deal marks the second largest longevity swap in UK

Bermudan life reinsurer 777 Re seals first deal

Reinsures block of US annuity business

PartnerRe buoyed by P&C and investment results in Q2

But the reinsurer's specialty and life segments were hit by underwriting losses

Just Group boosts bulk annuity sales, pilots NNEG hedge transaction

Falling risk-free rates and house prices dent solvency ratio

Horace Mann reinsures $2.9bn annuity block with RGA

Deal will help fund acquisition of National Teachers Associates

PIC seals £5.8bn of pension business in H1

The specialist insurer said it has been a record-breaking first half for new business

Climate change can't be captured in Solvency II capital, says Eiopa

EU authority publishes draft opinion on integrating sustainability into Solvency II

Analysis

Mortality reserving windfalls: a reversal of fortune?

UK life insurers have enjoyed several years of unexpected profits thanks to the slowdown of mortality improvements, but recent statistics hint this trend may be about to reverse. Cintia Cheong reports

Capital models: run, review, repeat

Recent surveys by consultancies Willis Towers Watson and PwC have revealed how UK life insurers have revised their approach to capital modelling. Christopher Cundy reports on some of the highlights

Candace Woods: engineering financial wellness

Prudential Financial's chief actuary talks to Christopher Cundy about her role in improving diversity, reforming its actuarial team and the regulatory challenges facing the insurer.

German life book consolidation: cultural shift needed

Following the sale of Generali Leben to Viridium, the largest-ever transfer of a German life book, participants are hopeful it will convince doubtful minds and open the door to more deals. Christopher Cundy reports

Equity release mortgages: stopping the roof falling in

The Prudential Regulation Authority has shaken up life insurers by proposing new assumptions around the valuation of ERMs. The more prudent approach seeks to avoid a potential disaster if house prices stagnate or crash, but the impact on insurers could be serious. Christopher Cundy reports

The PRA's David Rule on Brexit, the risk margin and the regulator's hotspots for supervision in 2018

The UK's executive director for insurance supervision talks to Christopher Cundy about how the Prudential Regulation Authority is approaching Brexit and reveals the latest views on reforming the risk margin