Swiss Re completes first longevity trend bond

Jonathan Stapleton
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Swiss Re has transferred $50m (£32m) of longevity trend risk to the capital markets through a securitisation with Kortis Capital.

As part of the deal - which comes just a year after Swiss Re insured around £1bn of pensioner liabilities for the Royal County of Berkshire Pension Fund - Kortis Capital will provide cover to Swiss...

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