A U.K. longevity risk data firm says it will be marketing its services to U.S. life insurers and pension plan managers.
The firm, Club Vita, has hired Daniel Reddy to be the chief executive officer for its U.S. arm.
(Related: Regulators May Build Methuselah Risk into RBC Ratios)
Club Vida will analyze longevity data using a ZIP-code socioeconomic, who help life insurers which life insurance insureds might die earlier, and which annuity holders might have longer-than-expected lifespans.
Club Vita is an affiliate of Hymans Robertson LLP, a London-based pension management company.