UPDATE 2-BMW lays off UK pension liabilities with Deutsche Bank

Newswire

* BMW offloads 3 bln stg in longevity risk to Deutsche Bank * Largest-ever insurance transaction with a pension scheme (Adds quotes) By Sarah Hills LONDON, Feb 22 (Reuters) - German car maker BMW has offloaded 3 billion pounds ($4.6 billion) of the risk posed by people living longer from its UK pension scheme to Deutsche Bank , in the biggest deal of its kind. The German bank's insurance subsidiary Abbey Life carried out the deal, which was structured with British specialist ...

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