PIC agrees £1.2bn longevity reinsurance deal with SCOR

Holly Roach
clock • 1 min read

Pension Insurance Corporation (PIC) has reinsured £1.2bn of its longevity risk with French company SCOR, the second deal between the two insurance companies.

PIC said the deal covers the longevity risks for around 8,000 retirees and their spouses across six defined benefit pension schemes. PIC's longevity reinsurance business volumes currently exceed...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Manufacturing sector scheme secures £11m buy-in deal with Just Group

Manufacturing sector scheme secures £11m buy-in deal with Just Group

Transaction secures the benefits of 87 members of the scheme

Holly Roach
clock 03 September 2026 • 1 min read
Samworth Brothers scheme secures £400m buy-in with Canada Life

Samworth Brothers scheme secures £400m buy-in with Canada Life

Transaction secures the benefits of over 7,000 scheme members

Holly Roach
clock 02 September 2026 • 3 min read
Clara agrees second small schemes superfund deal with £40m pension fund

Clara agrees second small schemes superfund deal with £40m pension fund

Transaction will see more than 400 members join the Clara Pension Trust

Jonathan Stapleton
clock 02 September 2026 • 2 min read
Trustpilot