The Life & Longevity Markets Association (LLMA) has today announced that AXA’s Mohamed Baccouche and Morgan Stanley’s Mark Teeger have joined the LLMA’s Board of Directors. Axa and Morgan Stanley are two of the founding members of the LLMA, other current members include AVIVA, Deutsche Bank, J.P. Morgan, Prudential PLC and Swiss Re.
Mohamed Baccouche is Life Chief Risk Officer at AXA Group. Morgan Stanley’s Mark Teeger is a Managing Director, and Global Head of ALM. Pretty Sagoo, LLMA Director said:
“I’m delighted to welcome Mohammed and Mark to the LLMA’s Board. They bring fresh impetus to the association and our stated aim to achieve greater understanding of and standards in, longevity trading.
“The LLMA has made good progress towards our stated aims over the last five years. We hope that with the help of new members, we will sustain this progress and set the benchmark standards for longevity trading.”
The LLMA was formed in 2010 to promote the development of a liquid trading market in longevity and mortality-related risk, of the type that exists for Insurance Linked Securities and other large trend risks like interest rates and inflation.
About the LLMA
The Life and Longevity Markets Association (LLMA) is a non-profit organisation founded and funded by members. It aims to promote the development of a liquid traded market in longevity and mortality-related risk. The association supports the development of consistent standards, methodologies and benchmarks to help build a liquid trading market, of the type that exists for Insurance Linked Securities (ILS), and other large trend risks like interest rate and inflation.