Debevoise & Plimpton LLP has advised global reinsurer Metropolitan Life Insurance Company (“MetLife”) in its role, alongside leading insurer Zurich Assurance Ltd (“Zurich”), in a longevity swap transaction with the BBC Pension Scheme.

The transaction covers approximately £6 billion of pensioner liabilities representing around 21,000 members.

For full details, see the official release here.

The Debevoise team advising MetLife was led by partner Hugo Laing.