All Insurance articles – Page 4
-
NewsBulk annuities latest: L&G insures Deutsche Bank scheme for £1.1bn
Plus, Just Group completes £18m full buy-in with St Modwen scheme covering 270 members.
-
NewsAviva converts longevity swap as part of £1.3bn RAC buy-in
Aviva has secured a £1.3bn buy-in for the RAC 2003 Pension Scheme, insuring the benefits of approximately 19,000 members.
-
NewsMichelin insures DB scheme for £1.5bn
The transaction with Aviva, which insures 15,000 members, involved the sponsor supplying a loan to cover the scheme’s illiquid holdings.
-
NewsBulk annuity update: Royal London completes first external deals
The sector’s newest entrant has completed two transactions worth a combined £130m, while Aviva has insured the Thomas Miller pension scheme for £140m.
-
NewsAssessing pension insurers’ sustainability performance
Most bulk annuity providers are making good progress to decarbonise their investment portfolios and are ahead of internal targets, according to new research.
-
NewsBrookfield and Utmost to enter bulk annuity market
North American financial services giant Brookfield is set to become the latest insurance provider in the bulk annuity market.
-
NewsPIC seals biggest buy-in of the year with £1.2bn TotalEnergies deal
The transaction follows a £1.6bn buy-in a decade ago and means the whole scheme is now insured.
-
NewsM&G, Just Group announce buy-ins worth combined £570m
Machinery manufacturer NSK and aviation services group John Menzies have insured the benefits of nearly 7,000 members in separate deals.
-
NewsStandard Life completes £880m buy-in of Rolls-Royce-Bentley scheme
The deal is one of the biggest bulk annuity transactions announced so far this year and includes the conversion of a 2013 longevity swap contract.
-
FeaturesHow pension schemes are solving illiquid asset issues
Pensions Expert takes an in-depth look at how pension schemes, consultants and insurance companies are working to secure bulk annuity transactions despite issues caused by illiquid assets.
-
NewsRoyal London enters bulk annuity market with two deals
Mutual insurance and investment group Royal London is first of two predicted new entrants to the pension insurance sector.
-
NewsRethinking the DB endgame
DB schemes could be missing a trick by completing insurance transactions, according to new research
-
News‘Systemic risks’ in rushing to embrace insurer buyouts, warns SPP
In its Vision 2030 report, the Society of Pension Professionals (SPP) warned that insurance buyouts ‘may not always be the answer’ and diversification of endgame options beyond government gilts was needed to secure the long-term future of all pension schemes.
-
NewsP&O announces £440m scheme buy-in
The trustee of the P&O Pension Scheme has today announced that it has agreed a £440 million buy-in with Rothesay, securing the remaining benefits of 5,300 scheme members.
-
NewsCan a specialist service help endgame schemes manage illiquid assets?
The move has been prompted by an improvement in pension scheme funding levels among over the past twelve months, and presenting the option for risk transfer sooner than previously anticipated.
-
NewsIMI 2014 Deferred Fund signs £175mn partial buy-in
On the go: The £563mn IMI 2014 Deferred Fund has signed a partial £175mn buy-in with Pension Insurance Corporation.
-
NewsMorrisons scheme secures buy-in on back of gilt yields rise
On the go: The Wm Morrison 1967 Pension Scheme has agreed a £762mn buy-in with Rothesay, securing the remainder of the liabilities for the 1967 section of the Morrisons Retirement Saver Plan.
-
NewsChemical company scheme agrees £430mn buy-in
On the go: The Tioxide Pension Fund has agreed to a £430mn buy-in with Legal & General.
-
NewsFull scheme buy-ins to dominate market in 2023
On the go: With many defined benefit schemes advancing in their derisking plan due to higher gilt yields, WTW is expecting full scheme buy-ins to dominate a “busy market”.
-
NewsAmey OS Pension Scheme completes £400mn buy-in
On the go: The £673.8mn Amey OS Pension Scheme has secured a £400mn buy-in transaction with Pension Insurance Corporation.