Achmea and Achmea Pension & Life Insurance (a joint venture between Achmea and Sixth Street established on October 1, 2025) announced the completion of two longevity reinsurance transactions executed by Achmea Pension & Life Insurance, which together cover approximately €8 billion of pension liabilities and approximately half of the company’s longevity risk exposure.
The agreements are with two leading global reinsurers, Munich Re and Pacific Life Re, with an Aon team led by Roland de Haas in the Netherlands and Martin Bird in the UK advising on reinsurance brokerage and structuring.
The risk transfer is effective January 1, 2026, and the agreement remains in effect until the portfolio is fully depleted.
According to reports, the services and guarantees provided to policyholders by Achmea Pension & Life Insurance are not affected by the transaction.
Arthur van der Wal, CEO of Achmea Pension & Life Insurance, commented: “Transferring approximately half of our longevity risk exposure is a thoughtful and significant next step in executing our long-term strategy.
“The associated capital gains will support our strategic growth objectives in the pensions acquisition space, as well as further optimizing our investment portfolio. This will be done in close partnership with Sixth Street and Achmea Investment Management.”
Roelant de Haas, CEO of Aon Reinsurance Solutions in the Netherlands, said: “We are delighted to be supporting Achmea on this strategically important capital solution and bringing together a united Aon team with deep market expertise, industry insights and strong brokerage capabilities to deliver a successful transaction.”
Martin Bird, senior partner and head of UK risk settlement at Aon, added: “The global longevity reinsurance market remains highly competitive and has large-scale deployment capabilities, with strong demand compared to the Dutch market.
“We were able to jointly deliver this landmark transaction for Achmea by using Aon’s Demographic Horizons software to model mortality and other demographic data – including the Netherlands’ leading base mortality postcode model – and our broader reinsurance market insights and brokerage expertise.”
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