Pensions

News

Legal & General completes Hitachi Data Systems bulk annuity deal

This is the third buy-in deal between Legal & General and the Hitachi plan

Rothesay Life seals £520m buy-in with Cadbury Mondelēz Pension Fund

It is the second tranche of de-risking undertaken by the pension scheme

Pension buy-ins and buy-outs break H1 record

H1 2019 volumes dominated by Legal & General and Pension Insurance Corporation

HSBC Bank UK offloads £7bn of longevity risk to Prudential Financial

Deal marks the second largest longevity swap in UK

Swiss Re's ReAssure acquires former Old Mutual business

Quilter plc sells closed UK life business to ReAssure

PIC sparks up £3.4bn bulk annuity deal with BAT

Largest ever transaction for specialist UK insurer

PIC on path to issue RT1 debt

Boost to capital needed for business expansion

Club Vita plans US expansion

The longevity risk data provider is already established in the UK and Canada

PIC seals £5.8bn of pension business in H1

The specialist insurer said it has been a record-breaking first half for new business

Royal London hires CEO from Standard Life Aberdeen UK

Barry O'Dwyer to replace Phil Loney in September

Analysis

MPs grill Rule and Woods on equity release, ethics and Brexit

The UK parliament's house Treasury Committee yesterday questioned Bank of England chiefs Sam Woods and David Rule on a host of issues, including diversity, management ethics, Brexit - and insurers' treatment of equity-release mortgages. Ronan McCaughey and Christopher Cundy report

Unipol's Marisa Parmigiani: "We want to make sure everything we do is sustainable"

The sustainability manager of the Italian insurance group explains to Cintia Cheong their journey to create a sustainability policy for the company

NN's Jan-Hendrik Erasmus: "the key issue is how to embrace technology"

NN Group's chief risk officer discusses with David Walker how the Dutch insurer is positioned for M&A, why Solvency II does not need to change, longevity risk hedging and today's technology and cyber challenges

Gen Re's Jules Constantinou: technology can make insurance more meaningful

Jules Constantinou, regional manager for life and health at GenRe UK and Ireland, and president-elect of the Institute and Faculty of Actuaries, vows to make insurance more meaningful to society. He tells Cintia Cheong how technology can help achieve that

Yes, no, maybe: the PRA responds to industry's Solvency II reform agenda

The UK regulator has made a point-by-point reply to the Association of British Insurers' agenda for Solvency II reforms and confirmed its priority to review the reporting requirements. Christopher Cundy reports

Actuaries price themselves out of data science jobs

The skills needed in the 'big data' revolution closely match those held by actuaries, but well-qualified individuals are unlikely to find the sector financially attractive, as Cintia Cheong finds in her report on actuarial recruitment in the UK