 |
|
 |  |  |  |
Hannover Re assumes further portfolio of longevity risks in the United Kingdom |
Hannover Re has concluded another block transaction for longevity risks in the United Kingdom. Pension obligations in the amount of GBP 3.2 billion assumed by the British insurer Legal & General are to be transferred mostly to Hannover Re. Under this transaction Hannover Re assumes only the biometric risk, not the investment risk. Hannover Re will generate total premium income of roughly GBP 2.2 billion from this longevity transaction, with gross premium of around GBP 100 million attributable to the 2013 financial year. The assumed portfolio will deliver an attractive return for Hannover Re. "Longevity risks are also interesting for our company because they are negatively correlated with mortality risks and hence promote better diversification of our portfolio", Chief Executive Officer Ulrich Wallin noted. Hannover Re has been active in the area of longevity risks since the mid-1990s. Longevity swaps hedge the risk that the life expectancy may prove to be higher than anticipated. In its block transactions for pension funds Hannover Re concentrates primarily on the blue-collar workers' segment. |
|
|
|
| BPA Pricing Lead | ||
| South East, Hybrid - Negotiable | ||
| Valuation Actuary - Remote | ||
| UK, Remote - Negotiable | ||
| Life-changing Pensions | ||
| London - Negotiable | ||
| Investment Specialist | ||
| South East - Negotiable | ||
| Portfolio Pricing Actuary – First Act... | ||
| London - £100,000 Per Annum | ||
| Commercial Longevity Actuary | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| STAR EXCLUSIVE: Actuarial modelling m... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Data Engineering Manager | ||
| London / hybrid 2 dpm office-based - Negotiable | ||
| Principal Actuary - Bermuda | ||
| Bermuda - Negotiable | ||
| Director - Financial Performance | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Actuary - Broker | ||
| London - £180,000 Per Annum | ||
| Director/Partner - Trustee Pensions | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| hx Contractor | ||
| London/Remote - Negotiable | ||
| BPA Director - Origination | ||
| London / hybrid 2-3 dpw office-based - Negotiable | ||
| Senior GI Actuarial Analyst | ||
| South East / hybrid 2 dpw in the office - Negotiable | ||
| Nearly/Newly | ||
| London - Negotiable | ||
| Life actuarial analyst opportunities | ||
| South East / hybrid 1 dpw office-based - Negotiable | ||
| Life Actuary - Financial Reporting | ||
| South East / hybrid 1 dpw office-based - Negotiable | ||
| EXCLUSIVE: Corporate Pensions Consultant | ||
| Flex / hybrid - Negotiable | ||
| DB Pensions Actuarial Assistant Manager | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
