Prudential Retirement completes $1.7bn of longevity reinsurance
Prudential Retirement reinsured $1.7bn (£1.4bn) of UK pension scheme longevity risk in the first half of the year, it has revealed.
The reinsurer attributed the deals to adapting quickly to the Covid-19 environment with transactions closing virtually, while adding the UK buy-in and buyout market has been "vibrant". It now sees a...
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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
The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.
Aviva completes £3m buyout of Shepherd Foods scheme
The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.
General Motors secures £53m bulk annuity transaction with Aviva
General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).
Rothesay agrees £6m buyout with aviation scheme
Rothesay has completed a £6m follow-on buyout with an unnamed aviation scheme, insuring benefits of eight pensioners and 31 deferred members.
