PICA
Risk Reduction
Deals with Swiss Re and RGA further protect scheme from unexpected life expectancy rises
21 March 2025
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2 min read
Investment
The Prudential Insurance Company of America (PICA) has concluded a £6bn longevity reinsurance deal, with Zurich Assurance acting as an intermediary on a pass-through basis.
28 April 2021
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4 min read
Industry
This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.
09 August 2019
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1 min read
Risk Reduction
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
08 August 2019
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2 min read
Risk Reduction
The HSBC Bank (UK) Pension Scheme has hedged its longevity risk with Prudential Insurance Company of America (PICA) in the second-largest ever deal of its type.
06 August 2019
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2 min read
Risk Reduction
The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.
08 August 2018
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2 min read
Risk Reduction
Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).
05 February 2018
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2 min read
Risk Reduction
Prudential Insurance Company of America has agreed to reinsure around $1.2bn (£920m) of Pension Insurance Corporation's (PIC) longevity risk.
09 November 2017
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1 min read
Risk Reduction
The Marsh & McLennan Companies (MMC) UK Pension Fund has finalised a £3.4bn longevity risk transfer to the global reinsurance market through a captive solution.
14 September 2017
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3 min read
Risk Reduction
Prudential Insurance Company of America (PICA) has completed its third longevity reinsurance deal with the Pension Insurance Corporation (PIC) for the Aon Retirement Plan.
13 June 2016
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1 min read
