NN Life transfers Eur13.5bn of longevity risk to Canada Life, Munich Re & Swiss Re

NN Group, Swiss Re, Canada Life and Munich Re

NN Group subsidiary NN Life has completed three longevity reinsurance transactions with reinsurers Canada Life, Munich Re, and Swiss Re, transferring the full longevity risk associated with Eur13.5bn ($14.8bn) of pension liabilities in the Netherlands.

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