09 April 2026
5 min
We're pleased to share our second half-yearly update on the risk transfer market for 2025. In this update, we summarise the activity in the bulk annuity and longevity hedging markets during the second half of 2025, as well as 2025 as a whole.
In 2025, a record 370 buy-ins took place, covering £38bn of premium. The number of transactions increased by more than 20% year on year, driven almost entirely by an increased number of buy-ins worth less than £100m. The premium volume decreased by more than 20% as fewer multi-billion pound buy-ins transacted.
Read our full insights by clicking the button below.
If you’d like to discuss anything covered in the report, we'd love to hear from you! Please get in touch or reach out to one of our risk transfer specialists noted in the report.
This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.
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