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Brookfield eyes U.K. pension risk transfer market
Brookfield eyes U.K. pension risk transfer market

Brookfield, a Canadian investment and insurance firm, is looking to enter the U.K.’s $50 billion-a-year pension risk transfer market, according to an earnings call.

Brookfield is already active in the U.S. pension risk transfer market. In 2023, Brookfield undertook PRT activity in the U.S. at an amount of $3 billion.

The firm’s first-quarter shareholder letter said Brookfield had built a platform with "significant organic growth," and held a top-three position in the U.S. bulk purchase annuity market. Brookfield also identified a "credible path to doubling this business" over the next five years.

#Pensions#ART#Longevity
·pionline.com·
Brookfield eyes U.K. pension risk transfer market
PIC seals buy-in with £1.2bn TotalEnergies deal
PIC seals buy-in with £1.2bn TotalEnergies deal
Pensions Insurance Corporation (PIC) has completed a £1.2 billion buy-in with the Total Energies UK Pension Plan, securing benefits for more than 2,000 pensioners and dependents and 3,500 deferred members. PIC insured £1.6 billion of TotalEnergies’ liabilities in a buy-in completed in 2014. This latest transaction means the whole scheme is now insured. [Source: Pensions Expert]
#ART#Longevity#Pensions#UnitedKingdom
·pensions-expert.com·
PIC seals buy-in with £1.2bn TotalEnergies deal
Groupama gets €150m Quercus Re cat bond windstorm reinsurance priced at low-end
Groupama gets €150m Quercus Re cat bond windstorm reinsurance priced at low-end
France-based Groupama will issue €150 million Quercus Re DAC 2024-1 single-tranche three-year catastrophe (CAT) bonds. They will cover losses from French windstorms on an annual aggregate indemnity trigger-based basis, with deductibles and loss caps to define attachment and exhaustion points. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
Groupama gets €150m Quercus Re cat bond windstorm reinsurance priced at low-end
Oxbridge Re raises $2.88m for EpsilonCat Re tokenized reinsurance sidecar securities
Oxbridge Re raises $2.88m for EpsilonCat Re tokenized reinsurance sidecar securities
Oxbridge Re Ltd., the Cayman Islands based reinsurance company, through its SurancePlus digital securities subsidiary, completed a private placement of 287,705 Participation Shares represented by the digital tokens, EpsilonCat Re, under a 3-year Participation Share Investment Contract to raise roughly $2.88 million. [Source: Artemis.bm]
#ART#ILS#CAT#DLT#Blockchain#Tokenization
·artemis.bm·
Oxbridge Re raises $2.88m for EpsilonCat Re tokenized reinsurance sidecar securities
World Bank eyes first 'drought' bond in next 12-18 months
World Bank eyes first 'drought' bond in next 12-18 months
The World Bank is looking to issue its first drought bond in the next 12-18-months, most likely focused on Africa. The World Bank's George Richardson said that modelling droughts, wildfires and floods was a little more difficult than earthquakes or storms for a parametric catastrophe (CAT) bond. "The fundamental challenge is that you need data, and you need to have some history of that so that it can be modelled by various agencies," Richardson said. [Source: Reuters]
#ART#ILS#CAT
·reuters.com·
World Bank eyes first 'drought' bond in next 12-18 months