PIC reinsures £400m of longevity risk

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Pension Corporation has reinsured a further £400m tranche of longevity risk associated with its policy holders with Munich Re.

Following on from a £300m longevity hedging deal with Munich Re this summer, PIC said it now reinsured £1bn of longevity risk this year (PP Online 30 July). Over the last four years the insurer ...

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