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Guernsey is a leading jurisdiction for longevity swaps. Here,
Carey Olsen corporate partner Christopher Anderson explains how the
island has capitalised on its expertise in captive insurance to
provide a solution for pension funds exposed to longevity risk.
In the last five years, a number of well-known pension funds
have completed transactions worth in excess of £30 billion
through captive insurers based in Guernsey – as set
out below:
BT (2014) - Value of £16 billion
Merchant Navy Officers (2015) - Value of £1.5
billion
British Airways (2017) - Value of £1.6 billion