Reinsurance Group Announces Second Dutch Longevity Transaction With Delta Lloyd

(RTTNews) - Life reinsurance company Reinsurance Group of America, Inc. (RGA) has signed a new agreement to provide additional longevity risk protection and capital benefit on reserves of about 12 billion euros to Delta Lloyd Levensverzekering N.V., the Dutch life insurance arm of the Delta Lloyd N.V. (DLLLF).

The transaction, with a duration of eight years, is a liability replication derivative based on the Dutch population mortality results.

This is RGA's second transaction with Delta Lloyd to mitigate a portion of Delta Lloyd's longevity risk. This is also the second time Delta Lloyd has transferred a part of its longevity exposure to the reinsurance market.