Swiss Re signs longevity reinsurance deal in the U.S.

Swiss Re has completed a 2 billion USD longevity reinsurance transaction, marking the group’s first deal in the U.S. retirement market.

Athene, a U.S.-based company specializing in retirement services, acted as the counterparty in this transaction.

This initiative builds on Swiss Re’s strong experience in longevity risk. The reinsurer has been active in this sector since 2007, notably in the United Kingdom, the Netherlands, Singapore, and Australia.

The longevity business is the second-largest segment within Swiss Re’s life and health (L&H) reinsurance division, accounting for 17% of the company’s insurance revenue in 2025.