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