PIC reinsures £760m longevity risk in Aon plan

Kristian Brunt-Seymour
clock • 1 min read

Prudential Insurance Company of America (PICA) has completed its third longevity reinsurance deal with the Pension Insurance Corporation (PIC) for the Aon Retirement Plan.

The deal which is PIC's first sizeable transaction under the new Solvency II regime reinsures longevity risk associated with the £3bn-£4bn scheme. It covers $1.1bn (£760m) liabilities for around...

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Kristian Brunt-Seymour
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