Investment - Articles - Aon advise NN Life on Netherlands longevity transaction

Aon has advised NN Life on broking the longevity risk on a back book of €13 billion of defined benefit pension plan liabilities.

 NN Life, part of NN Group, is a major Netherlands life insurance company. The €13 billion of pension plan liabilities covered by this transaction contains over 250,000 individuals for pensions in payment, deferred pensioners and dependants.
 Marc Meertens, head Balance Sheet Management and Reinsurance, NN Life, said: “Aon's advice and technical knowledge enabled us to bring this transaction to a successful conclusion. It helps us to improve our solvency ratio and to manage our exposure to longevity risk.”
 Tim Gordon, partner in Aon’s risk settlement team, said: “This is the third longevity hedge transaction in the last five years on which Aon has advised NN, making a total of over €30 billion of liabilities for which longevity risk has been reinsured.
 “Since the recent passing of Netherlands pension reforms, reinsurer interest in hedging Netherlands longevity risk has intensified in anticipation of increased bulk annuity activity and the need to navigate volatility. Demographic Horizons, Aon’s framework for modelling mortality and other demographics, includes the leading base mortality postcode model for the Netherlands and was instrumental in our advice to NN for both this and the previous transactions.”

Back to Index

Similar News to this Story

Industry comments as inflation stays at 2 percent
Standard Life and Hymans Robertson comment as inflation stays at 2 percent
5 year agenda to create culture of thriving financial health
PIMFA has set out its agenda for government over the course of this Parliament. PIMFA’s agenda: ‘Creating a UK Culture of Thriving Financial Health’ b
Robust economies to drive insurance growth and profitability
Major economies are more resilient than expected, with global GDP growth forecast at 2.7% in real terms in 2024. Non-life hard market expected to cont

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.