UK PRT longevity reinsurance
The UK PRT market has tripled its flow deal volume in four years, with 300 deals below £100m written. Excede replaces the decade-old tied partnership model with an automated, multi-insurer pricing ecosystem - built for the velocity the market now demands.
See the PlatformBuilt by longevity market practitioners · Designed for UK PRT flow business
Market at a glance
The problem
The Tied Partnership Model was designed over a decade ago for a much smaller, simpler market. As deal volumes surge, its structural flaws are becoming increasingly costly for both sides.
Choosing a single reinsurance partner at a point in time means the choice can only ever be made on a sample of schemes. Those sample model points are unlikely to represent the full universe of eligible schemes — and the attractiveness of pricing is unlikely to remain stable over time.
A single cedant partner may offer front-end bulk annuity pricing that carries less competitive features, independent of longevity. And as the small scheme market becomes more voluminous and competitive, a single cedant approach is unlikely to provide optimal access to deal flow.
The platform
From quote activity to liability exposure, Excede gives insurers and reinsurers a real-time, auditable view of the longevity reinsurance market — across all cedant-reinsurer pairings simultaneously.
Our vision
Excede moves the industry beyond the constraints of bilateral, manual flow arrangements to a flexible, automated platform where every cedant can access every reinsurer — instantly.
Any cedant. Any reinsurer. Competing prices surfaced simultaneously — not sequentially through a single bilateral arrangement.
Pre-agreed models run automatically across all eligible schemes. Quotes generated in seconds, not days — at any point in the transaction lifecycle.
Sensitive scheme data handled with institutional-grade security. Participant information kept strictly ring-fenced between cedants and reinsurers.
Pre-agreed legal contracts and structured outputs reduce friction from pricing through to transaction close — for every deal, at every size.
About Excede
Born from a shared realisation that the UK longevity market is structurally dysfunctional for small-to-mid-sized deals.
Excede was founded by practitioners who saw first-hand how the tied partnership model — designed over ten years ago for a fraction of today's deal volumes — was failing both cedants and reinsurers at exactly the moment the market needed it most.
The UK PRT market wrote £38bn in 2025. 85% of transactions were for schemes under £100m. Market growth is driven by the small scheme universe, and that trend is expected to accelerate as smaller schemes prioritise buyout. The infrastructure underpinning reinsurance pricing for that universe has not kept pace.
Excede's platform is built to change that — enabling flexible cedant-reinsurer pairings, automated pricing, and straightforward execution for every deal in the market.
"Our success isn't measured by the size of the largest deal, but by the velocity of the smallest. We win when a £50m scheme can be quoted and transacted as easily as a liquid bond trade."
Who we are
Excede's founders bring decades of combined experience from both sides of the reinsurance equation — spanning strategy, execution, and the technology that connects them.
Co-Founder & Chief Strategy Officer
Khurram is a qualified actuary specialising in global Pension Risk Transfer. He is the former Head of Longevity Risk at Pension Insurance Corporation (2007–2023), where he led strategy and execution for billions in globally significant longevity risk transfers. More recently, he is involved in Macquarie's establishment of InEvo Re, a new Bermudan reinsurance entity.
Co-Founder & Chief Technology Officer
James is a qualified actuary with over a decade of experience in the UK re/insurance market, having held roles at Munich Re, Swiss Re, and Blumont Annuity spanning both insurer and reinsurer perspectives. He leads Excede's technical vision, translating complex actuarial and commercial needs into scalable, production-grade systems.
Get in touch
Whether you're a cedant exploring open-market longevity reinsurance pricing or a reinsurer looking for better access to deal flow, we'd love to hear from you.
info@excedeplatform.com