PIC to target £3bn plus deals as it reinsures £500m of longevity risk

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Pension Insurance Corporation has reinsured almost £500m of its longevity exposure as it continues raising capital to target deals in excess of £3bn, it announced today.

It is understood the risk management provider wants to better compete in the £3bn to £5bn transaction market after reinsuring £500m of longevity risk in the last month. The primary aim is managing risk...

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