Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial
Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).
The agreement represents the pension provider's first longevity reinsurance transaction with PICA, a division of Prudential Financial. Commenting on the completion of the direct longevity risk transfer...
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Rothesay agrees £120m buy-in with Reach
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MetLife reinsures $5bn of Rothesay liabilities
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Industry Voice: The bulk annuity market for small schemes
Although 2020 was a challenging year, Aon's Dave Barratt says the bulk annuity market was very resilient, with a well-functioning insurance market, large volumes of business written and 2020 finishing up as the second busiest year on record.
Long-term Covid uncertainty makes longevity hedging more valuable
The uncertainty surrounding the potential impact of so-called long Covid and behavioural changes heightens the need for schemes to increase their longevity hedging, says Prudential Financial.
Rothesay secures £7bn of pension benefits
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