Rothesay reinsures longevity risk of 20,000 members

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Rothesay Life has secured a longevity swap with US reinsurer Prudential to cover the members of 93 schemes it has insured.

The deal insurers the longevity risk of 20,000 pensioners and deferred members and covers approximately £1bn of liabilities. Rothesay Life managing director said the deal was an example of the i...

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