MetLife enters into £450m longevity swap with Merchant Navy Ratings Pension Fund

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Reinsurance News - Dec 03, 2024

The Trustee of the £1 billion Merchant Navy Ratings Pension Fund (MNRPF) has entered into a transaction with Metropolitan Life Insurance Company (MetLife) to manage longevity risk of around £450 million of pensioner and dependant liabilities. This transaction provides long-term protection to MNRPF a...

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