Valid for six years, the agreement is a liability replication derivative based on the Dutch population mortality results.
It therefore does not directly reinsure the underlying business of Delta Lloyd; however, it efficiently gives capital and risk management benefits that Delta Lloyd would desire for, said RGA.
Go deeper with GlobalData
Delta Lloyd executive board chairman Niek Hoek said: "Delta Lloyd continues to explore further opportunities to manage its longevity risk efficiently through its capital management framework.
"This transaction provides us with medium-term protection against the rising costs associated with increases in life expectancy.
"Ultimately, it helps the Group maintain its ratings, meet obligations to customers and other creditors, and comply with current and anticipated regulatory requirements."
Operating as a life reinsurance company, RGA offers individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting and product development product and services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
