Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Hannover reinsures Legal & General £1bn longevity swap

9 January 2012

Legal & General has completed its first longevity insurance deal covering £1bn of pension obligations, reinsuring the deal with European top four reinsurer Hannover Re.

The deal covers 11,500 employees of UK industrial firm Pilkington who are already drawing their pensions, protecting Pilkington against the risk of pensioners living longer than expected.

Legal & General effected the risk transfer in insurance format but the deal mimicked that of a swap derivative, Tom Ground, head of business development for Legal &...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share:

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π