Pension Insurance Corporation (PIC) has reinsured the longevity risk relating to £1.4bn of the liabilities in its bulk annuity portfolio with a range of reinsurance houses.
The majority of the exposure - £1.1bn - has been covered by Reinsurance Group of America (RGA). PIC said the deal was part of its risk management framework which has now seen it hedge more than ...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
