 |
|
 |  |  |  |
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. |
|
|
|
| Lead Personal Lines Analyst | ||
| London / South Coast / hybrid - Negotiable | ||
| Strategic Pricing | ||
| London / Hybrid - Negotiable | ||
| Senior Pricing Analyst - Personal Lines | ||
| South Coast / hybrid - Negotiable | ||
| Business Development in Investment | ||
| London / hybrid (3 dpw office-based) - Negotiable | ||
| Financial Lines Pricing Manager | ||
| London / hybrid - Negotiable | ||
| Commercial Lines Pricing | ||
| London / South Coast - Negotiable | ||
| Head of Portfolio Management | ||
| London - £200,000 Per Annum | ||
| Investment Manager (FIA or CFA) | ||
| Flex / hybrid - Negotiable | ||
| Head of Actuarial Reporting (Life) | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| CONTRACT: London Market Capital Actuary | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Portfolio Manager | ||
| Hybrid - Negotiable | ||
| Pricing Assurance Manager | ||
| London - £145,000 Per Annum | ||
| Actuarial Director with BD and CatMod... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Pensions data expert: buy-out/residua... | ||
| Any UK Office location / Hybrid 2dpw office-based - Negotiable | ||
| Senior Portfolio Manager | ||
| London - £150,000 Per Annum | ||
| Senior Pensions Trustee Actuarial Con... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Shape the future of the pensions in... | ||
| UK Flex / hybrid 2dpw office-based - Negotiable | ||
| Challenge the pensions industry! | ||
| UK Flex / hybrid 2dpw office-based - Negotiable | ||
| Actuarial Pricing Manager - Non-life | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Pricing Actuary | ||
| London/hybrid 2-3dpw 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
