Zurich and Mercer complete £300m longevity hedge swap

James Phillips
clock • 2 min read

Zurich has completed a £300m longevity hedge swap with an undisclosed pension scheme of a small firm, marking its fifth such deal in 13 months.

The "named life" deal advised by Mercer reinsured 80% of the longevity hedge through SCOR, while Zurich retained 20%. It means that Zurich has now helped small firms de-risk more than £1bn of pe...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Charities urged to prepare for DB funding regime

Charities urged to prepare for DB funding regime

DB schemes with valuations after 22 September 2024 should take control of funding and investment strategy

Jasmine Urquhart
clock 13 January 2025 • 1 min read
LCP urges trustees to ask the right questions about buy-in

LCP urges trustees to ask the right questions about buy-in

Consultancy says selecting the correct insurer is ‘more than a box-ticking exercise’

Jasmine Urquhart
clock 10 January 2025 • 1 min read
Utmost Life and Pensions formally announces entry into bulk annuity market

Utmost Life and Pensions formally announces entry into bulk annuity market

Provider confirms entry into the market following completion of £20m buy-in last year

Martin Richmond
clock 09 January 2025 • 2 min read
Trustpilot