Monday, March 23, 2009
Norwich Union Announces Swap Deal for Longevity-Related Annuity Risks
U.K. insurer Norwich Union announced an agreement that will allow 475 million pounds (504 million euros) in longevity-related annuity risks to be transferred to the capital markets.
The swap deal, which also involves Bermuda-based reinsurer PartnerRe Group and Royal Bank of Scotland, will cover the risks until 2018. The business was placed with a range of capital market investors despite difficult market conditions and brings new capacity for longevity risk, Norwich Union said...
TradingMarkets: Norwich Union Announces Swap Deal for Longevity-Related Annuity Risks
The swap deal, which also involves Bermuda-based reinsurer PartnerRe Group and Royal Bank of Scotland, will cover the risks until 2018. The business was placed with a range of capital market investors despite difficult market conditions and brings new capacity for longevity risk, Norwich Union said...
TradingMarkets: Norwich Union Announces Swap Deal for Longevity-Related Annuity Risks
Permalink posted by markw @ 4:47 AM 
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