Archive

PIC saves Thomas Cook pensioners from PPF with £50m buy-in

L&G maintains profits in 2023 amid difficult investment markets

But bulk annuity sales - and use of funded reinsurance - continue to rise

Winners of the InsuranceERM UK & Europe 2024 awards revealed

Individuals, teams and companies recognised for risk management excellence

Names emerge of three new UK insurers poised to enter bulk annuity market

Booming volumes attract competitors to eight already active in the business

Scottish Widows doubles individual annuity sales

General insurance premiums also grow, but underwriting remains unprofitable

Bulk annuity market activity reached new heights in 2023

Volume in the UK reached a record £50bn, according to L&G

Prudential Financial seals $4.9bn bulk annuity deal with Shell USA

Deal covers $4.9bn worth of pension obligations

Phoenix Group's bulk annuity business rises 25% in 2023

The UK life insurer was involved in seven BPA deals in second half of last year

Rothesay's £1.4bn bulk annuity deal with Rexam brings 2023 total to £12.7bn

Second-busiest year ever for UK life insurer

UK's PRT market predicted to soar to £80bn in 2024

WTW says the pension de-risking market continues to heat up