PIC reinsures £760m longevity risk in Aon plan
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 2,900...
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List: The biggest UK longevity swaps
There have now been more than 30 longevity swaps over £1bn publicly announced. The full list, provided by Willis Towers Watson and through PP research, is as follows...
ABI agrees £26m buy-in with Aviva
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Aviva completes £3m buyout of Shepherd Foods scheme
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