Life reinsurance

The launch was first trailed this April.

The life settlement industry is looking to attract ILS capital but many industry practitioners are reluctant to enter the space due to concerns over valuations, returns and the sector’s past reputation for unscrupulous practices.

This is PartnerRe's first longevity reinsurance transaction in Canada.

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.

The deal covers liabilities for more than 150,000 pensioners.

Marvin Pestcoe replaces Craig Fowler who was appointed CEO of the start-up in March.

He moves across from the broker’s former securities division.

The broker also announced a new life practice group.

Javier Rivas left the company last month for a new role at the Spanish life insurer.

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.

There have been 452 confirmed cases in the latest Ebola outbreak.