Over £20bn of longevity hedges expected in 2016
Wednesday, 01 13 2016, Category: Insurance and Reinsurance, Country: World
Willis Towers Watson, the insurance and reinsurance broker and global professional services firm, says that it expects over £20 billion of longevity risk transfer and longevity swap or hedging deals in 2016, but with the year starting slowly.
Willis Towers Watson (WTW) notes that 2015 was relatively quiet, compared to 2014, for the pension de-risking market of bulk annuity and longevity hedging deals, but that appetite from pension funds picked up towards the end of the year.
In the last quarter of 2015, WTW said that over £5 billion of pension liabilities were transferred to or re/insured, either through longevity swaps and hedges or bulk annuity deals.