News

Deals: Aviva Completes Bulk Purchase on Church Workers Fund

Aviva Life & Pensions UK Ltd today announces it has completed a £160m bulk purchase annuity buy-in transaction with the trustees of the Church Workers Pension Fund.  Aviva will insure the defined benefit pensioner liabilities […]

News

Deals: L&G Agrees Buyout With Cornish Mutual

Legal & General Assurance Society Limited (“Legal & General”) today announces that it agreed an c.£11 million buyout transaction in November 2021 with the Cornish Mutual Assurance Company Limited Staff Pension Scheme (“the Scheme”), securing […]

News

L&G Publishes Pension Risks Market Trends Monitor

The Legal & General Group’s global Pension Risk Transfer (PRT) businesses – Legal & General Retirement Institutional (LGRI), the UK’s longest-serving active pension risk transfer provider and Legal & General Retirement America (LGRA), a leading […]

News

Met Life & Zurich Complete on $3.5bn Pension Deal

Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, Inc. (“MetLife”), announced today it has completed a significant longevity reinsurance transaction involving an unnamed U.K. pension scheme, using an independent U.K. regulated insurer, Zurich Assurance […]

Global insurance trends

Insurers Help Fund Summa Equity’s Investment Plans

Summa Equity has raised 2.3 billion euros ($2.6 billion), reports Reuters UK, for Europe’s biggest-ever ‘impact’ fund, which is focused on helping meet the U.N.’s 17 Sustainable Development Goals. Insurers have staked millions into the […]

Life/Health/Critical illness

WTW De-Risking Report Looks at Pensions in 2022

This year is set to be the biggest on record for pension scheme de-risking, with £65bn of bulk annuity and longevity swap transactions anticipated to complete, according to WTW’s (Willis Towers Watson’s) annual De-risking report. Bulk […]

Insurance Regulation

FCA Plans to Look at Wholesale Data Market

Latest from the FCA; The FCA will launch 2 market studies and gather further information to investigate access to wholesale data. In response to a Call for Input, the FCA heard concerns that limited competition in the […]