Pacific Life Re enters Dutch market with €2 billion longevity swap deal

Pacific Life Re  has completed a longevity swap reinsurance agreement with NN (NN Life) in the Netherlands, covering a €2 billion block of in-force individual annuity policies.

The deal includes a flow arrangement for future new business, marking Pacific Life Re’s first longevity reinsurance transaction in the Dutch market.

This agreement expands Pacific Life Re’s pension risk transfer portfolio and leverages its expertise in longevity swap and flow reinsurance solutions.

NN Life aims to reduce longevity risk and enhance balance sheet management, reinforcing its commitment to value creation.