Life reinsurance
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This is PartnerRe's first longevity reinsurance transaction in Canada.
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The continuing decline in UK life expectancy rates, evidenced by new data updated for 2018, may increase the affordability of pension de-risking, according to experts.
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The deal covers liabilities for more than 150,000 pensioners.
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Marvin Pestcoe replaces Craig Fowler who was appointed CEO of the start-up in March.
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He moves across from the broker’s former securities division.
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The broker also announced a new life practice group.
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Javier Rivas left the company last month for a new role at the Spanish life insurer.
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Tropical Storm Risk has projected 12 tropical storms, five hurricanes and two major hurricanes for the 2019 storm season. -
The outbreak is eligible for cover under a 2018 pandemic cat bond sponsored by the World Bank.
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There have been 452 confirmed cases in the latest Ebola outbreak.
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The deal covers 8,000 people across six separate defined benefit pension schemes.
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The reinsurer said cyclone losses were above average with global insured losses at $25bn.
