Scottish Widows completes £4bn longevity swap with Swiss Re
By IAN Editorial Desk
News date: 15 May 2015Published 24 May 2026·1 min read
Primary source: hymans.co.uk
By IAN Editorial Desk Scottish Widows today completed a longevity swap with Swiss Re covering £1.3bn of pension liabilities.
Scottish Widows today completed a longevity swap with Swiss Re covering £1.3bn of pension liabilities.
The transaction transfers longevity risk on the covered book from Scottish Widows to Swiss Re, using a reinsurance structure similar to earlier UK pension plan longevity deals.
The swap follows the sale of a £6bn Scottish Widows buy-in portfolio to Rothesay in March 2024, which…
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