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Mark van den Berghen is head of risk transfer at Buck
Despite the Covid-19 pandemic, the UK insurance market transacted around £30bn of bulk purchase annuity (BPA) business in 2020. That’s a little over half the volume for 2019 – which was a record year – and more than the £20bn seen for the first time the previous year.
Few deals came to market in the first few months of 2021, a hangover of the crisis perhaps, but that lull did not last long. By the second quarter, the market was heating up nicely. In fact, insurers were...
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