Pacific Life Re Completes Longevity Reinsurance Transaction
* Reuters is not responsible for the content in this press release.
LONDON--(Business Wire)--
Pacific Life Re Limited ("Pacific Life Re") is pleased to announce the
completion of a longevity-based reinsurance arrangement with Credit Suisse,
which relates to the pensions in payment of a UK pension scheme.
David Howell, CEO of Pacific Life Re commented:
"We are delighted to have partnered with Credit Suisse on this innovative
structure. There is a strong demand from pension schemes for reducing longevity
risk and I believe both reinsurers and investment banks will play an increasing
and vital role in enabling these transactions by providing capacity and
structuring expertise."
About Pacific Life Re Limited
Pacific Life Re is a wholly-owned subsidiary of Pacific LifeCorp. It is a
UK-based specialist life reinsurer offering a comprehensive range of reinsurance
solutions aimed at helping insurance providers to manage mortality, morbidity,
annuity and longevity risk in the UK, Ireland and Asia.
Andy McAleese, Head of Annuity Transactions
Pacific Life Re
Tel: +44 (0)20 7709 1812
E-mail: andy.mcaleese@pacificlifere.com
Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters