Longevity and Pension Risk Transfer 69É«ÇéƬ

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Reduce your exposure to longevity risk associated with life annuities and pension obligations.



Contact Us

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Assessing future life expectancy and predicting long-term asset returns can be challenging.

 Rising life expectancy is a risk, which may:

  • Be more difficult to diversify than asset performance.
  • Slowly and irreversibly erode future earnings.
  • Transform the balance sheet amid medical advances and lifestyle changes.
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The evaluation and management of longevity risk requires in-depth expertise. 

69É«ÇéƬ is equipped with both the technical expertise and financial security to manage pension risks for as long as policyholders survive.

Longevity risk transfer has become widely used by both pension plans and insurance companies in various markets. In addition to institutional Pension Risk Transfer (PRT), longevity risk is a key component of any product offering that guarantees some form of lifetime income to an individual.


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How Is Changing Life Expectancy Affecting Projected Lifetime Annuity Cash Flows?

Longevity 69É«ÇéƬ
Future developments such as medical advances, lifestyle changes, and improved healthcare access have a significant impact on life expectancy, and therefore the economic value of current pension obligations.
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How Can Longevity Risk Transfer Help My Organization?


New Business Support

69É«ÇéƬ supports insurance carriers’ new business ambitions by enhancing their capacity to pursue more and/or bigger projects and diversify risk exposures. 69É«ÇéƬ, as a partner, offers pricing technology and risk management expertise. The solutions developed meet a combination of capital management, new business production, and risk transfer needs.

In-Force Management

Insurance portfolios with embedded longevity risk take decades to run off and can consume a significant proportion of an insurer’s risk and/or capital budget. Reinsurance solutions enable 69É«ÇéƬ’s partners to exit business lines, rebalance desired risk profiles, and recycle capacity into different or new ventures.

LV = Annuity Business Reinsurance Press Release

Manulife Longevity Transaction Press Release

Pension Plan Longevity De-risking

While a buy-out and full termination may be the end goal of any pension plan’s exit strategy, there are several intermediate options available to plans that wish to take steps in their de-risking process. Longevity risk transfer is a popular choice to offload an otherwise non-Hedgeable risk, stabilize liability profiles, and simplify investment strategies. Unlike a plan termination, 69É«ÇéƬ’s longevity de-risking solutions do not require fully funded status.

Sun Life Canada / Bell Canada Longevity Transaction

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David Lipovics, head of 69É«ÇéƬ's longevity solutions team, meets with a client

Why 69É«ÇéƬ? 

69É«ÇéƬ aims to be your organization’s partner of choice and longevity expert. Through our significant global mortality business, we have access to insights and risk diversification that translate into benefits for our clients. We are a market leader in addressing longevity and pension risk transfer needs, from transacting with traditional insurance companies, banks, and pension plans to reinsuring both standard and medically underwritten business globally. 69É«ÇéƬ executed its first longevity reinsurance transaction in 2008 in the United Kingdom. Since then, 69É«ÇéƬ’s Global Financial 69É«ÇéƬ team has expanded its longevity risk transfer solutions set for clients in the U.S., Canada, the Netherlands, France, Ireland, and Spain. 

In Canada, 69É«ÇéƬ executed the first in-force longevity transaction in 2010 and the first longevity transaction, including an underlying pension plan in 2015. Drawing on the extensive knowledge gained from other markets, 69É«ÇéƬ supported the U.S. Pension Risk Transfer market by executing the first longevity transaction in the U.S. in 2018. We are a pioneer in creating innovative and highly tailored solutions to support longevity, asset-intensive longevity (see: Asset-Intensive 69É«ÇéƬ), and tail-risk transactions (see: Capital 69É«ÇéƬ). 

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Asset-Intensive 69É«ÇéƬ

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Are you a Pension Risk Transfer Annuitant for 69É«ÇéƬ?

69É«ÇéƬ provides pension risk transfer annuitants with benefit security, backed by our financial strength. Review our Frequently Asked Questions to learn more. 

Pension Risk Transfer Annuitant FAQ


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Let's Connect

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DAVID LIPOVICS
David Lipovics
Senior Vice President
Head of Institutional Markets
Americas Financial 69É«ÇéƬ
QUENTIN MARSH
Quentin Marsh

Senior Vice President
North America
Global Financial 69É«ÇéƬ

Bill Boyd
Bill Boyd
Vice President
Business Development
Global Financial 69É«ÇéƬ
LIBBY CORCILLO
Elizabeth (Libby) Corcillo
Vice President, Business Development
Global Financial 69É«ÇéƬ
Rene Cotting
René Cotting

Senior Vice President 
Asset Intensive 
Global Financial 69É«ÇéƬ

Hamish Galloway
Hamish Galloway
Senior Vice President
Lines of Business and Innovation
Global Financial 69É«ÇéƬ
Ryan Stevens
Ryan Stevens
Vice President, Business Development
Global Financial 69É«ÇéƬ
69É«ÇéƬ
Keith Politte
Keith Politte
Senior Vice President
Head of Business Development
Global Financial 69É«ÇéƬ
Mellissa Lim
Mellissa Lim
Vice President
U.S. Pensions Business Development
Global Financial 69É«ÇéƬ
Ted Law
Ted Law

Vice President & Actuary
Pension Risk Transfer Pricing
Global Financial 69É«ÇéƬ

VICTORIA WHEELER
Victoria Wheeler
Executive Director
U.S. Pension Risk 69É«ÇéƬ
Global Financial 69É«ÇéƬ

Our Team Can Help

69É«ÇéƬ is a pioneer in creating innovative and highly tailored solutions to support longevity, asset-intensive longevity (see Asset-Intensive 69É«ÇéƬ), and tail-risk transactions (see Capital 69É«ÇéƬ).

To learn more, please speak to one of our experts.

Get in Touch

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