Life reinsurance

The strategy of Langhorne Re, the closed-ended life fund set up last month by RenaissanceRe and life reinsurer Reinsurance Group of America (RGA), will be based largely around a leveraged asset play, according to sources.

The Prudential Insurance Company of America (PICA) has assumed the longevity risk attached to £1.3bn of annuity liabilities held by Scottish Widows.

Aetna Life Insurance's $200mn Vitality Re IX cat bond has priced at a record low with both tranches of the deal settling below the initial guidance, according to sources

Pension Insurance Corporation (PIC) has agreed a £725mn reinsurance agreement with PartnerRe which covers the longevity risk it acquired after insuring the Dockworkers Pension Fund in a buy-in last year.

Lincoln Financial Group has agreed to purchase Liberty Life Assurance Company of Boston from Liberty Mutual for $3.3bn.

Hymans Robertson has hired actuary Baljit Khatra from Mercer as a risk transfer consultant, the company announced.

RenaissanceRe and Reinsurance Group of America (RGA) may look to raise further life reinsurance funds following the launch of their $780mn joint venture Langhorne Re, sister publication The Insurance Insider reported.

Aon has confirmed it brokered £900mn of annuity reinsurance for the Liverpool Victoria Friendly Society (LV=) from the Reinsurance Group of America (RGA).

Luca Tres, head of life at Securis, says the life ILS sector needs to steer clear of leveraged asset plays, which could fail if the wider markets collapse

RenaissanceRe has partnered with Reinsurance Group of America (RGA) to launch a life reinsurer which will use third-party capital to target in-force life and annuity blocks.

Leadenhall-backed Gryphon Group Holdings is to take on the Guardian brand name for its start-up which plans to take a technology-focused approach to providing life insurance products

Bermuda life insurer Athene Holding has agreed to reinsure $19bn of fixed and fixed indexed annuity liabilities of Voya Financial, a US annuity provider