X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SCOR Global Life, a subsidiary of SCOR SE, has entered into a longevity transaction with the United Kingdom-based insurer Aviva. The transaction covers pensions in payment of some 19,000 pensioners who are members of the Aviva staff pension plan. As a result of the transaction, the risk of these members living longer is transferred from Aviva’s pension plan to the reinsurance market. The associated liabilities are approximately GBP 5 billion. SCOR said that it was assuming a meaningful portion of this risk.

This is the fourth longevity swap SCOR has written to date in the United Kingdom. 

This premium content is locked for
Insurance Coverage Law Center subscribers only.

Start a free trial to enjoy unlimited access to the single source of objective legal analysis, practical insights, and news for the insurance industry.

  • Access the most current expert analysis and daily developments across jurisdictions
  • Solve complex research issues with expert tools and intelligence
  • Tap into insurance coverage expert guidance

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

 

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.

Live Chat