PIC completes £1.5bn of new business transactions in Q1

Specialist DB insurer reports ‘strong’ start to the year with launch of new buyout service

Martin Richmond
clock • 1 min read
PIC chief executive Tracy Blackwell
Image:

PIC chief executive Tracy Blackwell

Pension Insurance Corporation (PIC) completed transactions with total premiums of £1.5bn to mark a “strong” start to the year, a Q1 2024 update shows.

The insurer's trading update, published today (3 May) on the London Stock Exchange, revealed it had completed five new business transactions during the first three months of 2024, including the £87...

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