SG CIB completes longevity trade for Aegon

Deal with Dutch insurer Aegon marks French bank’s first major transaction in the longevity swap market

clock

Société Générale Corporate & Investment Banking (SG CIB) has completed its first major transaction in the longevity market, with the structuring and syndication of a €1.4 billion longevity swap deal for Dutch insurer Aegon.

The deal marks the second foray into the longevity swaps market by Aegon, having completed a €12 billion longevity swap with Deutsche Bank last year. The latest deal has a 20-year maturity, with a ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Superfunds to take on 'more leading role' in risk transfer

Superfunds to take on 'more leading role' in risk transfer

Hymans Robertson says ‘changing market dynamic’ will boost the role of superfunds

Jasmine Urquhart
clock 20 November 2024 • 1 min read
Schemes urged to 'tackle the tough questions' when deciding endgame strategy

Schemes urged to 'tackle the tough questions' when deciding endgame strategy

LCP urges stakeholders to ‘grasp the nettle’ to avoid ‘sleepwalking’ into endgame strategy

Jonathan Stapleton
clock 19 November 2024 • 2 min read
Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Transaction secures the benefits of 161 retirees and 238 deferred members

Holly Roach
clock 14 November 2024 • 2 min read
Trustpilot