Achmea and Achmea Pension & Life Insurance, the joint venture between Achmea and Sixth Street established on 1 October 2025, have announced the completion of two longevity reinsurance transactions, executed by Achmea Pension & Life Insurance, that together cover approximately €8 billion in pension liabilities and around half of the firm’s longevity risk exposure.
The agreements were entered into with Munich Re and Pacific Life Re, two leading global reinsurers, with an Aon team, led by Roelant de Haas in the Netherlands and Martin Bird in the UK, advising on the reinsurance broking and structuring.
The risk transfer is effective as of 1 January 2026, with the agreements remaining in force until the portfolio has fully run off.
Services and guarantees provided by Achmea Pension & Life Insurance to its policyholders are reportedly unaffected by the transaction.
Arthur van der Wal, Chief Executive Officer of Achmea Pension & Life Insurance, commented, “Transferring roughly half of our longevity risk exposure is a deliberate and significant next step in executing our long-term strategy.
“The associated capital benefit will support our strategic growth ambitions in the area of pension buyouts, as well as the further optimisation of our investment portfolio. This will be done in close collaboration with Sixth Street and Achmea Investment Management.”
Roelant de Haas, CEO of Aon Reinsurance Solutions Netherlands, said, “We are pleased to have supported Achmea on this strategically important capital solution and to have brought together a united Aon team with in-depth market expertise, industry insights and strong broking capabilities to deliver a successful transaction.”
Martin Bird, senior partner and UK head of risk settlement at Aon, added, “The global longevity reinsurance market remains highly competitive and has large-scale capacity to deploy, with a strong appetite in relation to the Dutch market.
“By using Aon’s Demographic Horizons software for modelling mortality and other demographics – including the leading base mortality postcode model for the Netherlands – as well as our broader reinsurance market insight and broking expertise, we were able to syndicate this milestone transaction for Achmea.”
Vanessa HoVon, Managing Director, Savings & Retirement for Europe & Americas at Pacific Life Re said, “We are excited to support Achmea Pension & Life Insurance on this transaction, which marks our fourth in Continental Europe and our largest to date in the Netherlands.
“It highlights our ability to deliver tailored longevity solutions at scale and demonstrates our strong commitment to the Continental European market. We look forward to continuing to collaborate with our clients, as they navigate evolving regulatory and strategic priorities.”
Pacific Life Re was awarded €4 billion of the €8 billion in pension liabilities transferred as part of the transaction.
