PIC agrees £1.2bn longevity reinsurance deal with SCOR

Holly Roach
clock • 1 min read

Pension Insurance Corporation (PIC) has reinsured £1.2bn of its longevity risk with French company SCOR, the second deal between the two insurance companies.

PIC said the deal covers the longevity risks for around 8,000 retirees and their spouses across six defined benefit pension schemes. PIC's longevity reinsurance business volumes currently exceed...

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Holly Roach
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Holly Roach

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