Reinsurance News

Life reinsurance news

Life reinsurance industry news, analysis and insights.

Our life reinsurance market news stories cover happenings in the life reinsurance industry, people moves, new company launches, life reinsurance company results, product innovation and more.

Talcott completes $7bn reinsurance deal with Guardian

2nd November 2022

International life insurance group Talcott Financial has announced the completion of a transaction with The Guardian Life Insurance Company of America to reinsure $7.4 billion in variable annuity liabilities. First announced last month, the deal was conducted between subsidiaries Talcott Resolution Life Insurance Company and The Guardian Insurance & Annuity ... Read the full article

Howden Re sets up new L&H reinsurance division, names leaders

24th October 2022

Howden RE, the reinsurance arm of international insurance intermediary, Howden Group, has announced the establishment of a new Disability, Life & Health Reinsurance division. Richard Vuurman, Theo Lutgendorff and Thomas Trompert have been appointed to set up and lead the new division, effective 1 October 2022. Based in the Netherlands and reporting ... Read the full article

UK life insurers remain resilient despite market turbulence: AM Best

12th October 2022

A new report from AM Best states that the balance sheets of UK life insurers have proved resilient through a period of market turbulence in financial markets due to the sharp and rapid rise in yields on UK gilts towards the end of September 2022. Sharp moves in yields have placed ... Read the full article

Liquidity buffers limit impact of collateral calls on UK insurers: Moody’s

3rd October 2022

Analysts at Moody’s have assured that large UK life insurers using swaps to hedge their interest rate exposure should be able to absorb the cash collateral requirements within their liquidity buffers, following the sharp fall in UK government bond prices and Bank of England interventions. Yields on 30-year gilts peaked at ... Read the full article

European Life Consolidation activity improves after slow start to 2022: Fitch

21st September 2022

According to a report by Fitch Ratings, European life consolidation activity picked up following a slow start to 2022 with four acquisitions announced within less than two months. Of the deals announced, two were in Germany, with one each in the UK and Netherlands. This brings the year-to-date volume by liabilities ... Read the full article

L/A & health reinsurers remain well capitalised despite elevated mortality: AM Best

11th September 2022

According to AM Best, companies within the global life/annuity and health reinsurance segments are adopting different approaches as they react to elevated mortality trends; however, these reinsurers have remained well capitalized throughout the pandemic. The report suggests life and health reinsurers’ earnings in 2021 suffered from adverse mortality trends, though the ... Read the full article

Zurich to sell German legacy traditional life book to Viridium

24th June 2022

Zurich Insurance Group has agreed to sell its legacy traditional life insurance back book in Germany to Viridium Holding AG, a specialist in the management of life insurance portfolios in the country. The transaction includes the transfer of $20 billion of net reserves, mainly related to annuity and endowment products underwritten ... Read the full article

Japanese life profits to remain stable through 2023: Fitch

15th June 2022

Analysts at Fitch Ratings believe that the profitability of the nine traditional nine Japanese life insurers is likely to be stable in the financial year ending 2023. The rating agency notes that underwriting results for this group in FYE22 were moderately worse than in FYE21, due mainly to the Covid-19 health ... Read the full article

RGA seeing greater demand for life reinsurance since pandemic

18th May 2022

Anna Manning, President and CEO of Reinsurance Group of America (RGA), has said that her company has seen higher demand for its life reinsurance service since the outbreak of the COVID-19 pandemic two years ago. Speaking as part of an earnings call alongside the release of RGA’s Q1 results, Manning was ... Read the full article

Life reinsurance carriers well capitalised despite COVID-19: AM Best

6th April 2022

In its latest market segment report, global ratings agency AM Best has said that life reinsurance carriers remain well capitalised withstanding pressures surrounding COVID-19. The report states that COVID-related life claims emerged much later for global life reinsurers, than it did for non-life reinsurers, with claims surging in late 2020 and ... Read the full article

Munich Re names Head of L&H for Spain and Portugal

2nd March 2022

Munich Re has announced the appointment of Daniel Rodríguez as its new Head of Life & Health Business in Spain and Portugal. He will take over the leadership of the Business Development and Client Relations team. Rodríguez joined Munich Re in 2015, and has developed different roles across the region not only ... Read the full article

Fortitude Re in talks over annuity reinsurance deal with Taiyo Life

14th February 2022

Fortitude Re is among the reinsurers in talks with Taiyo Life Insurance Company, a subsidiary of Japanese insurer T&D Holdings, regarding a potential annuity reinsurance deal. Taiyo Life wants to offload its inforce individual annuity business in order to reduce its investment risk and to enhance its future profitability and capital ... Read the full article

Phoenix Group completes four BPA transactions

13th January 2022

Life consolidator Phoenix Group has completed four Bulk Purchase Annuity (BPA) transactions during the second half of 2021, covering £4.0 billion of premiums. These transactions also comprised of £3.6 billion of external deals and a further £0.4 billion tranche of the group's Pearl Pension Scheme. This equates to total BPA premiums of ... Read the full article

Martello Re launched as $1.65bn life and annuity reinsurer

12th January 2022

A new Bermuda domiciled life and annuity reinsurance company has been launched with the backing of Massachusetts Mutual Life Insurance Company, Centerbridge Partners, Brown Brothers Harriman, and a pre-eminent group of institutional investors and family offices, including Hudson Structured Capital Management, called Martello Re Limited. Martello Re is a licensed Class ... Read the full article

Zurich frees $1.2bn of capital with sale of $9.5bn Italian life & pensions back book

3rd January 2022

Global insurer Zurich Insurance Group announced this morning that it is freeing up roughly US $1.2 billion of capital through the sale of its legacy Italian life and pensions book of policies. Zurich said that its subsidiary Zurich Investments Life S.p.A. is selling its life and pension back book, which includes ... Read the full article