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

Inflation drops again as it edges closer to normality
Standard Life, Canada Life Asset Management and PensionBee comment as inflation drops again, to 3.2%, edging closer to normality
PIC complete buyin of Epson Telford Pension Scheme
Pension Insurance Corporation plc (“PIC”) has concluded a full scheme buy-in of the Epson Telford Limited Pension & Assurance Scheme (“the Scheme”) fo
Cardano appointed FM for Grant Thornton Pensions Fund
Cardano has been appointed as the fiduciary manager for the Grant Thornton Pensions Fund. The principal employer for the scheme is Grant Thornton UK L

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

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