PIC completes £725m longevity reinsurance deal with PartnerRe
Pension Insurance Corporation (PIC) has agreed to insure all its pensioner liabilities with PartnerRe in a deal set to cover its full buy-in of the Dockworkers Pension Fund.
The £725m deal will cover the entirety of longevity risk acquired when PIC insured the Dockworkers Pension Fund in a full buy-in in November 2017 in the biggest single insurance transaction that year....
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