Rothesay agrees £1bn longevity hedge

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Rothesay Life has hedged the longevity risk relating to £1bn of its pension liabilities in a series of deals with Pacific Life Re.

The transactions cover 100 schemes and take the value of benefits hedged this year to £2bn after the firm insured £1bn of longevity risk with US reinsurer Prudential in the summer (PP Online, 12 Au...

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