PIC completes £1.5bn of new business transactions in Q1

Specialist DB insurer reports ‘strong’ start to the year with launch of new buyout service

Martin Richmond
clock • 1 min read
PIC chief executive Tracy Blackwell
Image:

PIC chief executive Tracy Blackwell

Pension Insurance Corporation (PIC) completed transactions with total premiums of £1.5bn to mark a “strong” start to the year, a Q1 2024 update shows.

The insurer's trading update, published today (3 May) on the London Stock Exchange, revealed it had completed five new business transactions during the first three months of 2024, including the £87...

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 Defined Benefit

Tender Watch: PMI appoints data insight partner

Tender Watch: PMI appoints data insight partner

Mortality Monitor webinars will help with member information, modelling, mortality rates and de-risking

Professional Pensions
clock 11 November 2024 • 1 min read
Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Trustpilot