Deal covers pensioner liabilities in the Lloyds Bank Pension Scheme No.1
Pension Insurance Corporation's (PIC) bulk annuity business transacted £7.1bn of buy-ins and buyouts over the course of 2018, its annual results reveal.
Pension Insurance Corporation (PIC) has reinsured £1.2bn of its longevity risk with French company SCOR, the second deal between the two insurance companies.
Zurich has completed a £300m longevity hedge swap with an undisclosed pension scheme of a small firm, marking its fifth such deal in 13 months.
The RAC (2003) Pension Scheme has completed a £600m longevity swap with Scor Se, which could be a watershed in how small schemes manage longevity risk.
The Aviva Staff Pension Scheme has secured the largest longevity swap written so far, in the first UK deal to dispense with a traditional intermediary.
Deal with Dutch insurer Aegon marks French bank’s first major transaction in the longevity swap market
The £1.4bn Akzo Nobel longevity swap completed last week is predicted to be the first in a wave of transactions in 2012 and 2013.