PIC reinsures £400m of longevity risk

clock

Pension Corporation has reinsured a further £400m tranche of longevity risk associated with its policy holders with Munich Re.

Following on from a £300m longevity hedging deal with Munich Re this summer, PIC said it now reinsured £1bn of longevity risk this year (PP Online 30 July). Over the last four years the insurer ...

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

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Section of the MMC UK scheme completes £1.9bn buy-in with Standard Life

Transactions insures the benefits of 6,500 scheme members

Holly Roach
clock 06 August 2025 • 2 min read
DB scheme funding improves in July, Broadstone finds

DB scheme funding improves in July, Broadstone finds

Broadstone Sirius Index records fully hedged scheme position at 70.9%

Jasmine Urquhart
clock 06 August 2025 • 1 min read
National Grid scheme secures £900m buy-in with Rothesay

National Grid scheme secures £900m buy-in with Rothesay

Third deal between the pair takes de-risked liabilities with Rothesay to £4.5bn

Holly Roach
clock 05 August 2025 • 3 min read
Trustpilot