Pension Risk Transfer
Pacific Life Re have a rich history of supporting longevity pension risk transfer (PRT) markets and actively service markets globally. We have completed over 60 longevity transactions since 2008, covering more than $50bn of liabilities; these range from small deals executed as part of a ‘flow’ arrangement, through to our largest transaction covering single scheme liabilities of >$10bn.
As an organisation we thrive on developing innovative and bespoke solutions which, together with our strong risk appetite and technical expertise, enables us to support insurers, including those in Continental Europe, with their longevity risk transfer needs.
Individual Annuities
The shift from defined benefit pension schemes to defined contribution is leading to increased opportunity for individual annuity reinsurance solutions across several markets.
Our experience with flow transactions combined with a commitment to developing cutting-edge technology will support our proposition for individual annuities. We look forward to sharing this solution with our clients to support competitive pricing, as well as product development.
Funded Reinsurance
Pacific Life Re is a market leading provider of asset intensive solutions. Our extensive knowledge of markets across the world allows us to work closely with our clients to find bespoke structures, whilst ensuring security for policyholders.
Solutions can be tailored to a wide variety of underlying products; for example, funded reinsurance can be utilised alongside a traditional longevity swap to offload some or all of the market risk associated with PRT or annuity liabilities. Alternatively, these types of solutions can provide a tool that can be used to support insurers manage the risks associated with large backbooks, for example those which are typical for European savings business.