PIC reinsures £300m with Munich Re

clock

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

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

Royal Horticultural Society scheme secures £22m buy-in with Royal London

Royal Horticultural Society scheme secures £22m buy-in with Royal London

Transaction secures the benefits of 230 pension scheme members

Holly Roach
clock 13 August 2026 • 2 min read
Utmost Life and Pensions appoints Aberdeen to manage CRE lending brief

Utmost Life and Pensions appoints Aberdeen to manage CRE lending brief

Deal will support insurer’s growing bulk annuity business

Jonathan Stapleton
clock 12 August 2026 • 2 min read
Royal Society of Chemistry solidifies £83m buy-in with PIC

Royal Society of Chemistry solidifies £83m buy-in with PIC

Transaction secures the benefits of 468 pension scheme members

Holly Roach
clock 11 August 2026 • 1 min read
Trustpilot