SG bringing unique longevity risk product to investors

Société Générale is syndicating the risk of longevity to sovereign wealth funds, insurance companies and reinsurance companies, with a first-of-its-kind, €200 million ($262 million) deal slated to launch in July. At least one large Asia-based institutional investor is among those taking a slice of this risk, says Jeff Mulholland, managing director and head of insurance and pension solutions in New York. He declined to name the investor. Mulholland announced the planned transacti…