Tag: Pension Risk Transfer
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
UNITE HERE singles out Brookfield-owned American National Insurance Company as using risky strategies.
The pension fund’s longevity swap agreement covers £1.6 billion in liabilities.
Despite decline, the British market topped £25 billion for the fourth straight year.
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
Market conditions could push some plan sponsors to consider risk transfers sooner, but funded status remains a key concern.
However, insurance companies likely won’t be able to accommodate the increased demand.