Pension Insurance Corporation has hedged £300m of longevity risk by reinsuring it with Munich Re.
This comes after PIC reinsured £500m of longevity risk with various global reinsurers in January 2011 (PP Online 20 January 2011). The latest transaction means PIC has reinsured around 65% of it...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date