2024
Onboarded a record 142,100 benefit recipients from eight transactions, including IBM ($6 billion) and Verizon ($3.8 billion)
First U.S. multiemployer buyout with Sound Retirement Trust (SRT)
Flow reinsurance launched with Pension Insurance Corporation
Named “Reinsurer of the Year“
2017
First successful novation of a longevity risk transfer contract, proving that pension scheme longevity swaps can be used as a step towards full pension risk transfer
Completed our first Retiree Medical Risk Transfer transaction
2019
“Deal of the Year”, British Telecom $28 billion captive longevity reinsurance
U.S. buy-outs: Motorola Solutions, Bristol-Myers Squibb
Named “Reinsurer of the Year“
2014
U.S. buy-outs: Philips, Kimberly-Clark, J.C. Penney
Named “Reinsurer of the Year“
2015
Applied U.K. longevity underwriting best practices
2009
First U.S. pension buy-in: Hickory Springs, $75 million
Entered U.K longevity reinsurance market in first deal with Rothesay Life
2011
First pension buy-out contract: Cleveland Public Library
1928
Global pension risk transfer opportunity identified
2006
A History of Success
Established core team to modernize and innovate U.S market growth
Explored emerging U.K. solutions
2007
General Motors $25 billion buy-out
Verizon $7.5 billion buy-out
2012
Named top innovator by CIO magazine in Corporate Liability Strategies for the fourth time
Named “Reinsurer of the Year”
U.S. buy-outs: WestRock, United Technologies
2016
Full plan termination with Boise Cascade through buy-in to buy-out conversion
2020
Hewlett Packard $5 billion buy-out
2021
IBM $16 billion buy-out
2022