Reinsurance
PIC signs £5.8bn of bulk annuity business in H1
Pension Insurance Corporation (PIC) has so far racked up £5.8bn of buyouts and buy-ins with defined benefit schemes this year, while reinsuring £7bn of longevity risk, it has revealed.
L&G deploys blockchain technology to streamline pension reinsurance
Legal & General Reinsurance (L&G) has launched what it claims is the UK's first pension risk transfer (PRT) execution platform to be driven by blockchain technology.
ReAssure announces potential intention to float
ReAssure Group has revealed its intention to publish a registration document and its potential intention to float on the London Stock Exchange (LSE).
Prudential Retirement reinsures $2.6bn of UK pension risk
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
American bulk annuity boom could squeeze UK market
Buy-in and buyout pricing for British pension schemes could hike if the US or Canadian bulk annuity markets boom, Legal and General (L&G) has predicted.
PIC agrees £1.2bn longevity reinsurance deal with SCOR
Pension Insurance Corporation (PIC) has reinsured £1.2bn of its longevity risk with French company SCOR, the second deal between the two insurance companies.
Aviva completes £1bn longevity reinsurance deal with Prudential
The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.
Zurich names first head of longevity risk transfer
Greg Wenzerul has been appointed Zurich's first head of longevity risk transfer, as it seeks to grow its business in the market.
Prudential sells £12bn annuity book to Rothesay Life
Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.
How 2017's largest longevity deal came to fruition
MMC UK Pension Fund's Frank Oldham tells Stephanie Baxter how its £3.4bn longevity swap came about and why it chose a captive structure
PIC completes £725m longevity reinsurance deal with PartnerRe
Pension Insurance Corporation (PIC) has agreed to insure all its pensioner liabilities with PartnerRe in a deal set to cover its full buy-in of the Dockworkers Pension Fund.
Pru reinsures $1.2bn of PIC's longevity risk
Prudential Insurance Company of America has agreed to reinsure around $1.2bn (£920m) of Pension Insurance Corporation's (PIC) longevity risk.
Converting longevity swaps into bulk annuities: The next de-risking innovation?
Longevity hedges have long been considered a hurdle to doing a bulk annuity, but a ground-breaking deal shows it doesn't have to be. Stephanie Baxter looks at why converting swaps into buy-ins is taking off.
Prudential agrees £1bn longevity reinsurance deal with Rothesay Life
Prudential Retirement has reinsured benefits for around 22,500 pensioners, after taking on liabilities from Rothesay Life in their sixth deal together.
Prudential enters third longevity reinsurance deal with L&G
Prudential Retirement Insurance and Annuity Company (PRIAC) and Legal & General (L&G) have completed their third longevity reinsurance transaction since October 2014.
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