ART

2164 bookmarks
Custom sorting
Farmers seeks $300m Topanga Re 2025-1 multi-peril CAT bond (Artemis.bm)
Farmers seeks $300m Topanga Re 2025-1 multi-peril CAT bond (Artemis.bm)
U.S.-based Farmers Insurance Group is looking to issue at least $300 million Topanga Re (Series 2025-1) two-tranche four-year catastrophe (CAT) bonds. They will cover certain losses from named storms, earthquakes, severe weather and wildfires affecting the United States on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Farmers seeks $300m Topanga Re 2025-1 multi-peril CAT bond (Artemis.bm)
Two DFDS schemes complete combined £70m full scheme buy-in with Just Group (Professional Pensions)
Two DFDS schemes complete combined £70m full scheme buy-in with Just Group (Professional Pensions)
U.K.-based Just Group completed two full scheme buy-ins totaling £70 million for The DFDS Group UK Pension Scheme and The DFDS Logistics Pension Scheme, both sponsored by shipping and logistics company DFDS. Finalized in July 2025, these transactions secure the pension benefits of approximately 980 members—split between 394 pensioners and 374 deferred members in the DFDS Group scheme (£53.7 million), and 115 pensioners and 96 deferred members in the Logistics scheme (£16.7 million). [Source: Professional Pensions]
#Pensions#UnitedKingdom#ART#Longevity
·professionalpensions.com·
Two DFDS schemes complete combined £70m full scheme buy-in with Just Group (Professional Pensions)
Canada Life completes third pension scheme buy-in with A.G. Barr (Canada Life)
Canada Life completes third pension scheme buy-in with A.G. Barr (Canada Life)
Canada Life has completed a third and final pension scheme buy-in worth £41 million with U.K.-based beverage manufacturer A.G. Barr. This transaction secures the future benefits of 300 members of A.G. Barr’s defined benefit pension scheme, covering 160 deferred members and 140 pensioners. Building on earlier buy-ins in 2016 and 2018, this deal finalizes the scheme’s de-risking journey. [Source: Canada Life]
#Pensions#UnitedKingdom#Longevity#ART
·canadalife.co.uk·
Canada Life completes third pension scheme buy-in with A.G. Barr (Canada Life)
One William Street secures debut $135m Meadows cat bond (Artemis.bm)
One William Street secures debut $135m Meadows cat bond (Artemis.bm)
One William Street Capital Management will issue $135 million Meadows Ltd. (Series 2025-1) three-tranche four-year catastrophe (CAT) bonds, versus the original $125 million target. They will cover losses from U.S. named storms (with a few nuances - see below) on an industry-loss trigger on a per-occurrence basis on two of the tranches ($55 million Class A and $50 million B tranches) and on an annual aggregate basis on the $30 million Class C tranche. The Class B tranche covers storms across the United States excluding Florida, the Class A tranche covers only Florida, Puerto Rico and the US Virgin Islands, and the Class C tranche adds Florida, Georgia, North and South Carolina to the A tranche list. [Source: Artemis.bm]
#ART#ILS#CAT#UnitedStates
·artemis.bm·
One William Street secures debut $135m Meadows cat bond (Artemis.bm)
Logistics firm agrees buy-in for TPT master trust section (Artemis.bm)
Logistics firm agrees buy-in for TPT master trust section (Artemis.bm)
Seabourne Holdings, a U.K.-based logistics firm, finalized a full buy-in deal with insurance provider Just Group for a section of the TPT Retirement Solutions defined benefit master trust. After moving its DB scheme to TPT in 2019, Seabourne worked closely with the pension provider to develop its endgame strategy, culminating in this bulk annuity contract designed to secure member benefits. The deal size was not disclosed, but Seabourne’s parent company CJ Bourne reported £5.9 million in pension assets in June 2024. [Source: Pensions Expert]​
#Pensions#UnitedKingdom#ART#Longevity
·pensions-expert.com·
Logistics firm agrees buy-in for TPT master trust section (Artemis.bm)
CEA seeks $600m Ursa Re II 2025-2 cat bond (Artemis.bm)
CEA seeks $600m Ursa Re II 2025-2 cat bond (Artemis.bm)
The California Earthquake Authority (CEA) is looking to issue at least $600 million Ursa Re II Ltd. (Series 2025-2) two-tranche catastrophe (CAT) bonds. They are targeting a $200 million four-year tranche and a $400 million two and a half-year tranche. They will cover losses from California earthquakes on an indemnity trigger and annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
CEA seeks $600m Ursa Re II 2025-2 cat bond (Artemis.bm)
Migdal Insurance sponsoring $100m Turris Re Israel earthquake cat bond (Artemis.bm)
Migdal Insurance sponsoring $100m Turris Re Israel earthquake cat bond (Artemis.bm)
Migdal Insurance Company Ltd., an Israeli insurance, pension and financial service company, is looking to issue at least $100 million Turris Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from earthquakes that affect Israel on a per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART#Israel
·artemis.bm·
Migdal Insurance sponsoring $100m Turris Re Israel earthquake cat bond (Artemis.bm)
Covéa secures €250m Hexagon IV Re 2025-1 cat bond (Artemis.bm)
Covéa secures €250m Hexagon IV Re 2025-1 cat bond (Artemis.bm)
French mutual insurer Covéa Group will issue €200 million Hexagon IV Re Ltd. (Series 2025-1) two-tranche catastrophe (CAT)(versus the original €200 target). A €200 million four-year tranche will cover windstorms, hail and certain other perils across France, Monaco and Andorra on an indemnity triggered per-occurrence basis, and a targeted €50 million two-year tranche will cover windstorms and hail events on an indemnity triggered annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Covéa secures €250m Hexagon IV Re 2025-1 cat bond (Artemis.bm)
M&G Completes £96m Buy-in with a UK Pension Scheme and its US Sponsoring Employer (M&G)
M&G Completes £96m Buy-in with a UK Pension Scheme and its US Sponsoring Employer (M&G)
M&G plc has successfully completed a £96 million bulk purchase annuity transaction, securing pension benefits for over 1,000 members of a UK pension scheme sponsored by a US parent company. The transaction, carried out by M&G’s subsidiary Prudential Assurance Company, is the seventh such deal in two years, contributing to more than £1.7 billion in new business. This deal represents the final stage of a multi-year de-risking process, with Prudential committing to a full scheme buyout by December 2025 and insuring residual risks. [Source: M&G]
#Pensions#UnitedKingdom#Longevity#ART
·mandg.com·
M&G Completes £96m Buy-in with a UK Pension Scheme and its US Sponsoring Employer (M&G)
UK Retail Pension Schemes Complete Dual £130m Full-Scheme Buy-ins with Aviva (PensionsAge)
UK Retail Pension Schemes Complete Dual £130m Full-Scheme Buy-ins with Aviva (PensionsAge)
Two pension schemes sponsored by the UK subsidiary of a US-based retail group have completed two full-scheme buy-in transactions worth around £130m with Aviva, securing the benefits of approximately 600 deferred members and 1,200 pensioners and dependants. [Source: PensionsAge]
#Pensions#UnitedKingdom#ART#Longevity
·pensionsage.com·
UK Retail Pension Schemes Complete Dual £130m Full-Scheme Buy-ins with Aviva (PensionsAge)
Royal London Completes £16m Buy-In (Pensions Expert)
Royal London Completes £16m Buy-In (Pensions Expert)
U.K.-based Royal London has completed a £16 million buy-in to insure the Premdor Crosby Pension Plan, which covers 181 members. This transaction, facilitated with a deferred premium arrangement, marks Royal London’s first such deal for a smaller scheme. [Source: Pensions Expert]
#Pensions#UnitedKingdom#Longevity#ART
·pensions-expert.com·
Royal London Completes £16m Buy-In (Pensions Expert)
L&G Agrees to £4.6bn UK Pensions Buyout Deal with Ford (FT)
L&G Agrees to £4.6bn UK Pensions Buyout Deal with Ford (FT)
Legal & General (L&G) has completed a £4.6 billion pension buy-in with Ford Motor Company’s pension schemes, covering over 35,000 retirees. This is the largest pension risk transfer (PRT) transaction in the U.K. in 2025. Meanwhile, the prospect of more such deals has drawn more players, many of them U.S.-based, into the U.K. PRT market. For example, this year (2025) Athora, an insurer backed by U.S. private equity (PE) firm Apollo, announced plans to buy Pensions Insurance Company, and Brookfield, another U.S.-based PE firm, agreed to a £2.4 billion deal for U.K. life insurer Just Group. [Source: FT]
#Pensions#UnitedKingdom#ART#Longevity
·ft.com·
L&G Agrees to £4.6bn UK Pensions Buyout Deal with Ford (FT)
Kodak Transfers $1.8 Billion Pension Obligations (MSN)
Kodak Transfers $1.8 Billion Pension Obligations (MSN)

U.S.-based Eastman Kodak Co. transferred approximately $1.8 billion of Kodak Retirement Income Plan obligations to Metropolitan Tower Life Insurance Company via a nonparticipating single premium group annuity contract. This transaction will cover around 27,000 participants. The plan will be terminated and deferred vested participants will receive $76 million lump-sum payments and active participants will receive $157 million. Any remaining liabilities will be transferred to the Pension Benefit Guaranty Corporation. https://www.sec.gov/Archives/edgar/data/31235/000119312525241430/kodk-20251014.htm [Source: MSN]

#Pensions#UnitedStates#Longevity#ART
·msn.com·
Kodak Transfers $1.8 Billion Pension Obligations (MSN)
Danaher Completes $349 million U.S. Pension Buy-in Transaction (P&I)
Danaher Completes $349 million U.S. Pension Buy-in Transaction (P&I)
U.S.-based Danaher Corp. purchased a $349 million group annuity contract from an undisclosed insurance company to cover U.S. pension plan liabilities. The buy-in, which covers an undisclosed portion of the Danaher's defined benefit pension plan obligations, was funded from existing pension plan assets without an adjustment to the benefit obligations. https://filecache.investorroom.com/mr5ir_danaher/938/DHR%2010-Q%202025%2010-21.pdf [Source: Pensions & Investments]
#Pensions#UnitedStates#Longevity#ART
·pionline.com·
Danaher Completes $349 million U.S. Pension Buy-in Transaction (P&I)
One William Street Capital sponsoring $125m Meadows Ltd. named storm cat bond (Artemis.bm)
One William Street Capital sponsoring $125m Meadows Ltd. named storm cat bond (Artemis.bm)
One William Street Capital Management is looking to issue at least $125 million Meadows Ltd. (Series 2025-1) three-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S. named storms (with a few nuances - see below) on an industry-loss trigger on a per-occurrence basis on two $50 million-targeted tranches (Class A and B tranches) and on an annual aggregate basis on the $25 million-targeted Class C tranche. The Class B tranche covers storms across the United States excluding Florida, the Class A tranche covers only Florida, Puerto Rico and the US Virgin Islands, and the Class C tranche adds Florida, Georgia, North and South Carolina to the A tranche list. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
One William Street Capital sponsoring $125m Meadows Ltd. named storm cat bond (Artemis.bm)
USAA gets upsized $400m Res Re 2025-2 cat bond (Artemis.bm)
USAA gets upsized $400m Res Re 2025-2 cat bond (Artemis.bm)
USAA will issue $400 million Residential Reinsurance 2025 Limited (Series 2025-2) two-tranche four-year catastrophe (CAT) bonds, versus the original $300 million target. They will cover losses from U.S. tropical cyclones, earthquakes (plus fire following), severe thunderstorm, winter storm, wildfire, volcanic eruption, meteorite impact, other perils (all including auto & renter policy flood losses), on an indemnity per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
USAA gets upsized $400m Res Re 2025-2 cat bond (Artemis.bm)
Hannover Re secures upsized $240m Acorn Re parametric cat bond priced below guidance (Artemis.bm)
Hannover Re secures upsized $240m Acorn Re parametric cat bond priced below guidance (Artemis.bm)
Hannover Re will issue $240 million Acorn Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $200 million target. They will cover losses from earthquakes that strike the U.S. west coast region on per-occurrence parametric basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Hannover Re secures upsized $240m Acorn Re parametric cat bond priced below guidance (Artemis.bm)
Covéa seeks €200m Hexagon IV Re 2025-1 cat bond (Artemis.bm)
Covéa seeks €200m Hexagon IV Re 2025-1 cat bond (Artemis.bm)
French mutual insurer Covéa Group is looking to issue at least €200 million Hexagon IV Re Ltd. (Series 2025-1) two-tranche catastrophe (CAT). A targeted €150 million four-year tranche will cover windstorms, hail and certain other perils across France, Monaco and Andorra on an indemnity triggered per-occurrence basis, and a targeted €50 million two-year tranche will cover windstorms and hail events on an indemnity triggered annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Covéa seeks €200m Hexagon IV Re 2025-1 cat bond (Artemis.bm)
Nearly Half of UK DB Trustees Favour Buy-ins (PensionsAge)
Nearly Half of UK DB Trustees Favour Buy-ins (PensionsAge)
According to Standard Life research, nearly half (48%) of U.K. defined benefit (DB) pension trustees favor buy-ins as their preferred endgame strategy, with 40% planning to approach insurers within the next 12 months. The survey of 100 DB trustees managing schemes with assets of £100m million or more found strong demand for buy-in deals across various timeframes, with 30% targeting a one-to-three-year window and 21% planning within three to five years. This preference for insurance-based solutions is consistent across scheme sizes and is driven primarily by the certainty and security these arrangements provide to pension scheme members, with 34% of trustees citing this as the most important factor. The research also revealed that 45% of schemes are now fully funded or in surplus, making insurance solutions more accessible and attractive, while superfunds remain a niche option explored by only 3% of trustees. [Source: PensionsAge]
#Pensions#UnitedKingdom#Longevity#ART
·pensionsage.com·
Nearly Half of UK DB Trustees Favour Buy-ins (PensionsAge)
Judge Tosses a PRT Lawsuit Filed by ex-AT&T Employees (Insurance Newsnet)
Judge Tosses a PRT Lawsuit Filed by ex-AT&T Employees (Insurance Newsnet)
A federal judge in Massachusetts has dismissed a class action lawsuit brought by ex-AT&T employees against AT&T and State Street Global Advisors, challenging an $8.05 billion pension risk transfer (PRT) in which Athene Annuity and Life Co. assumed the company’s retirement plan liabilities. The court decided the plaintiffs failed to demonstrate a breach of fiduciary duty, referencing Supreme Court precedent that participants must show no prudent fiduciary would have selected Athene as the annuity provider. The ruling also cited Thole v. US Bank, noting plaintiffs had no standing since no benefits were lost. The case is part of a wider industry debate on pension risk transfers, with PRT industry supporters claiming such lawsuits are without merit and motivated by potential financial gain for trial lawyers, while plaintiffs argued the chosen annuity provider carried greater risk compared to AT&T and traditional insurers.​ [Source: Insurance Newsnet]
#Pensions#UnitedStates#Longevity#ART
·insurancenewsnet.com·
Judge Tosses a PRT Lawsuit Filed by ex-AT&T Employees (Insurance Newsnet)
Hannover Re brings sixth Acorn Re parametric US quake cat bond with $200m target (Artemis.bm)
Hannover Re brings sixth Acorn Re parametric US quake cat bond with $200m target (Artemis.bm)
Hannover Re is looking to issue at least $200 million Acorn Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from earthquakes that strike the U.S. west coast region on per-occurrence parametric basis. [Source: Artemis.bm]
#CAT#ILS#ART#UnitedStates
·artemis.bm·
Hannover Re brings sixth Acorn Re parametric US quake cat bond with $200m target (Artemis.bm)
Unisys Transfers $320 Million of Its U.S. DB Pension Obligations to Insurer (Unisys)
Unisys Transfers $320 Million of Its U.S. DB Pension Obligations to Insurer (Unisys)
Unisys has transferred approximately $320 million of its U.S. defined benefit pension obligations to F&G Annuities & Life, Inc. through the purchase of group annuity contracts funded by pension plan assets. This move shifts pension liabilities for about 3,150 retirees and beneficiaries to F&G’s insurance subsidiaries, with no changes to the gross amount, timing, or form of monthly benefit payments. The transaction represents the first step toward reducing about $600 million in U.S. pension plan liabilities by the end of 2026. Unisys expects a one-time, non-cash, pre-tax settlement charge of approximately $228 million in Q3 2025, with no impact on its cash position, aligning with its strategy of managing capital structure and pension costs effectively.
#Pensions#UnitedStates#Longevity#ART
·unisys.com·
Unisys Transfers $320 Million of Its U.S. DB Pension Obligations to Insurer (Unisys)
Bristol-Myers retirees win round in lawsuit over $2B Athene annuity deal (Insurance Newsnet)
Bristol-Myers retirees win round in lawsuit over $2B Athene annuity deal (Insurance Newsnet)
A New York judge has allowed a lawsuit by former Bristol-Myers Squibb employees challenging a $2 billion pension risk transfer deal with Athene Annuity Life Co. to proceed, concluding that the plaintiffs plausibly allege the transaction poses a substantial risk to their retirement benefits. The retirees argue that Bristol-Myers and its fiduciary, State Street Global Advisors, failed to select the safest available insurer by choosing Athene, which they claim is “highly risky.” The judge’s decision contrasts with a recent case involving General Electric, where a similar lawsuit was dismissed for lack of evidence of actual harm. [Source: Insurance Newsnet]
#Pensions#Longevity#ART#UnitedStates#Regulation
·insurancenewsnet.com·
Bristol-Myers retirees win round in lawsuit over $2B Athene annuity deal (Insurance Newsnet)
USAA targets $300m+ multi-peril occurrence Residential Re 2025-2 CAT bond (Artemis.bm)
USAA targets $300m+ multi-peril occurrence Residential Re 2025-2 CAT bond (Artemis.bm)
USAA is looking to issue at least $300 million Residential Reinsurance 2025 Limited (Series 2025-2) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S. tropical cyclones, earthquakes (plus fire following), severe thunderstorm, winter storm, wildfire, volcanic eruption, meteorite impact, other perils (all including auto & renter policy flood losses), on an indemnity per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
USAA targets $300m+ multi-peril occurrence Residential Re 2025-2 CAT bond (Artemis.bm)
Aviva completes £160m bulk purchase annuity buy-in with the SG Pension Fund (Aviva)
Aviva completes £160m bulk purchase annuity buy-in with the SG Pension Fund (Aviva)

In August 2025 Aviva finalized a £160 million bulk purchase annuity (BPA) buy-in with the SG Pension Fund, securing the benefits of more than 1,900 members, whose scheme sponsor is Portakabin Limited. The deal enables some scheme members to continue accessing their Additional Voluntary Contribution funds as a primary source of tax-free cash, facilitated by Aviva’s integrated DB&C policy. [Source: Aviva]

#Pensions#Longevity#UnitedKingdom#ART
·aviva.com·
Aviva completes £160m bulk purchase annuity buy-in with the SG Pension Fund (Aviva)
Amtico Company Pension Scheme completes £52m buy-in with Standard Life (PensionsAge)
Amtico Company Pension Scheme completes £52m buy-in with Standard Life (PensionsAge)

The Amtico Company Pension Scheme has completed a £52 million full buy-in with Standard Life, securing the benefits of 425 members. The transaction was finalized in August 2025. Notably, members with both defined benefit (DB) and defined contribution (DC) pensions will retain their links between the two types. [Source: PensionsAge]

#Pensions#Longevity#UnitedKingdom#ART
·pensionsage.com·
Amtico Company Pension Scheme completes £52m buy-in with Standard Life (PensionsAge)
Unnamed charity pension scheme completes £15m buy-in with L&G (PensionsAge)
Unnamed charity pension scheme completes £15m buy-in with L&G (PensionsAge)
An unnamed UK charity sector pension scheme has completed a £15 million buy-in deal with Legal & General, securing pension benefits for around 100 pensioners and 20 deferred members. Recent analysis has shown that UK charity DB pension schemes are increasingly well-funded and positioned for endgame strategies, with reserves of the largest 40 charities now totaling £49 billion. [Source: PensionsAge]
#Longevity#Pensions#UnitedKingdom#ART
·pensionsage.com·
Unnamed charity pension scheme completes £15m buy-in with L&G (PensionsAge)
Economic Volatility Undermines Second Quarter U.S. PRT Sales (LIMRA)
Economic Volatility Undermines Second Quarter U.S. PRT Sales (LIMRA)
The Life Insurance Marketing and Research Association (LIMRA) reports that U.S. pension risk transfer (PRT) sales experienced a sharp decline in the second quarter of 2025, falling 64% year-over-year to $4.1 billion, with year-to-date sales down 56% to $11.5 billion. LIMRA attributes this downturn to heightened economic volatility, a lack of large “jumbo” deals, and increased litigation concerns, all leading to fewer contracts and reduced transaction volume. Despite these challenges, employers remain interested in mitigating pension liabilities, as reflected in ongoing retiree-only carve-out activity. Although 2025 sales are expected to remain below last year’s record levels, ongoing plan sponsor interest and the entry of new market participants may help to stabilize and potentially recover PRT sales over time. Buy-out and buy-in asset figures were likewise down, but total PRT assets still grew 7% year-over-year, highlighting continued market resilience in the face of volatility. [Source: LIMRA]
#Pensions#UnitedStates#Longevity#ART
·limra.com·
Economic Volatility Undermines Second Quarter U.S. PRT Sales (LIMRA)