13 May 2021
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2 min read
The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.
The Fujitsu-sponsored defined benefit (DB) scheme worked with Insight Investment to utilise a platform designed to facilitate easier access to the reinsurance market. Approximately 9,000 pensioner members...
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