Monday, January 20, 2025

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Guernsey cell facilitates £450m Merchant Navy longevity swap

The Trustee of the Merchant Navy Ratings Pension Fund (MNRPF) has used a Guernsey incorporated cell to facilitate a deal with MetLife concerning longevity risk in relation £450m of pensioner and dependant liabilities.

According to Ci DataHub, MNRPF is utilising Foxtrot IC Limited, an incorporated cell formed in June 2024 and part of Willis Towers Watson Guernsey ICC Limited.

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