Fujitsu scheme enters into £3.7bn longevity swap with Swiss Re

James Phillips
clock • 2 min read

The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.

The Fujitsu-sponsored defined benefit (DB) scheme worked with Insight Investment to utilise a platform designed to facilitate easier access to the reinsurance market. Approximately 9,000 pension...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Clark & Butcher scheme secures £2m buy-in with Just Group

Clark & Butcher scheme secures £2m buy-in with Just Group

Deal secures the benefits of 15 pensioners and eight deferred scheme members

Holly Roach
clock 28 March 2025 • 1 min read
'Massive' queue of schemes looking to buyout, Hymans says

'Massive' queue of schemes looking to buyout, Hymans says

Industry panel says growth in market has led to an increase in schemes looking to buyout

Martin Richmond
clock 28 March 2025 • 2 min read
Six BPA insurers wrote deals of more than £5bn for first time last year

Six BPA insurers wrote deals of more than £5bn for first time last year

LCP says last year ‘most competitive year ever’ for BPA insurers

Jasmine Urquhart
clock 27 March 2025 • 2 min read
Trustpilot