PIC signs £5.8bn of bulk annuity business in H1

Holly Roach
clock • 1 min read

Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.

In its half-year update - published today (24 June) - the specialist insurer said it had completed £3.3bn of new business with unnamed pension schemes, alongside £2.5bn of announced buy-in deals si...

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