Mark Laidlaw, Chief Capital and Investment Officer at LV=, commented: “As a large life insurer, LV= is experienced at executing reinsurance transactions on traditional life business, but given the bespoke nature of this transaction, we significantly benefitted from the breadth of Aon’s global market knowledge and product expertise.”
Following Aon’s comprehensive and diligent carrier selection process, an appropriate carrier and appropriate structure were identified to best meet LV=’s risk appetite and technical requirements. The transaction highlighted the breadth of Aon’s skills, capabilities, and relationships, as well as the overall value an intermediary can bring to a life reinsurance transaction.
Martin Bird, Head of Risk Settlement at Aon, said: “Executing on tight deadlines in a complex environment really plays to our strong technical longevity skills, but also to our transaction structuring capability.” Colin Dutkiewicz, Head of UK Life Reinsurance at Aon, added: “Our approach is to stand next to our clients in dealing with the potential counterparties - which is also to the benefit of the counterparties as we bring much greater execution certainty to the transaction.”
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