PIC announces £6.5bn in new business premiums in H1 results

Insurer also expects to see more than £200bn of risk transfer demand in next three years

Jasmine Urquhart
clock • 2 min read
PIC's Tracy Blackwell: H1 saw a strong balance sheet, record bulk annuity transactions and purposeful investment
Image:

PIC's Tracy Blackwell: H1 saw a strong balance sheet, record bulk annuity transactions and purposeful investment

The Pension Insurance Corporation Group Limited (PICG) has announced a record £1.1bn of pension payments in the first half of 2023.

The parent company of the Pension Insurance Corporation (PIC) have now insured a record 339,900 pensions and scored 99.3% on customer satisfaction. The specialist insurer of defined benefit (DB)...

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

More on Risk Reduction

Fuller's scheme completes full buy-in with Legal & General

Fuller's scheme completes full buy-in with Legal & General

Pub and hotel group said move demonstrates its financial strength and reduces liabilities

Jonathan Stapleton
clock 13 March 2025 • 1 min read
PP Endgame Summit: Two weeks to go!

PP Endgame Summit: Two weeks to go!

The summit will take place on Wednesday 26 March in London

Professional Pensions
clock 12 March 2025 • 1 min read
Unnamed scheme secures £361m full buy-in with Canada Life

Unnamed scheme secures £361m full buy-in with Canada Life

Transaction secures the benefits of over 850 deferred members and 650 pensioners

Holly Roach
clock 10 March 2025 • 2 min read
Trustpilot