BRIEF-Delta Lloyd completes longevity transaction with RGA

Fri Aug 22, 2014 1:36am EDT

Aug 22 (Reuters) - Delta Lloyd Nv :

* Has completed a transaction with Reinsurance Group of America (RGA) to mitigate longevity risk related to its dutch life insurance portfolio

* Contract will reduce financial effects of policyholders living longer than currently expected which results in longer durations of annuities and pension payments

* Entry date of transaction is 1 January 2014 retroactively

* Swap relates to underlying longevity reserves of approximately 12 billion euros Source text for Eikon: Further company coverage:

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