Heineken in $3.7 bln stg longevity swap deal with Aviva

September 14, 2015 9:12 AM

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LONDON, Sept 14 Brewer Heineken said on Monday it had agreed a deal to transfer 2.4 billion pounds ($3.71 billion) in longevity risk to Friends Life, now part of insurer Aviva.

The deal covers around 19,000 pensioners in the defined benefit, or final salary, pension scheme of the Scottish & Newcastle Pension Plan, a statement said on Monday.

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