The National Grid UK Pension Scheme has agreed its second buy-in this year, transferring £1.6bn of pension risk to Legal & General (L&G).
Rothesay Life has agreed the UK’s largest ever bulk annuity deal to date – a £4.7bn buyout of the GEC 1972 Plan, making 2019 officially a record-breaking year.
Aon has appointed Mike Edwards as a partner in its risk settlement team to support the growth of its business offerings in the UK.
Solvency II regulations have caused a shift in the timing of buy-in and buyout transactions, as well as asset sourcing, according to Aon Hewitt.
Insurers should consider eyeing up smaller de-risking transactions rather than focusing on the mega deals that can end up falling away, according to Aon Hewitt.