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 its longevity...
With a recent rise in the number of smaller schemes undertaking bulk annuity transactions, Charlotte Quarmby sets out why now might be the right time for smaller pension schemes looking to de-risk.
Wilton Re has made an investment in Clara Pensions to support the consolidator’s growth and development.
Two in five UK defined benefit (DB) schemes expect to complete a bulk annuity or longevity swap transaction within the next three years, Willis Towers Watson research finds.
Sponsor covenants are facing a “triple whammy” moving into 2021 as the effects of Covid-19, Brexit and macro-economic conditions combine, Lincoln Pensions warns.
Darryl Brundle and Ashley Kanter look at the contrasting pressures and easements on longevity associated with the pandemic