Guernsey Event To Examine Longevity Risk Needs And Trends

The story behind the BT Pension Scheme's record breaking longevity risk transfer with the Prudential Insurance Company of America will be told at an insurance masterclass in London next month.

The event, which takes place at the British Museum on Wednesday 14 October, features John Coles, Head of Operations for the BT Pension Scheme as keynote speaker. Mr Coles will outline how BT structured the £16 billion longevity swap and why a Guernsey-based structure was used.

The event will also include a panel debate comprising leading figures from the Guernsey and UK insurance communities. The discussion will examine captive insurance solutions as well as longevity trends, needs and future opportunities. It will also examine why Guernsey has been able to position itself so effectively in this area as a result of the use of cell company structures, regulation and guidance and reinsurance capacity.