Pensions

News

Prudential Financial completes $1.7bn of longevity reinsurance in H1

UK market resilient to Covid-19, says insurer

Zurich arranges £1.4bn longevity swap for UBS UK pension scheme

The deal sees 100% of the longevity risk reinsured by Canada Life Reinsurance.

Legal & General ties up £13m PRT deal with Brandsby

The bulk annuity transaction secures benefits for all of the scheme's 120 members

UK bulk annuity volumes dropping back to 2018 levels

LCP predicts £20bn-25bn of transactions this year after bumper 2019

BoE governor intervenes in pension superfunds regime: report

Andrew Bailey says framework is a financial stability risk, reports Sky News

COMMENT: How much capital do pensions require?

The UK's proposed regime for pensions superfunds has reopened the debate around capital requirements for long-term products, argues Christopher Cundy

UK insurers fight for tougher rules for pension superfunds

DB consolidation vehicles given greenlight to operate

NN transfers longevity risk to three reinsurers

Deal improves capital generation profile for NN Life subsidiary

Aviva and Legal & General strike £466m PRT deals

Recent market volatility from Covid-19 has made bulk annuity pricing attractive

Buy-in/buy-out demand will average £37bn a year over next decade

Hymans Robertson said Covid-19 is unlikely to cause long-term impact to the market

Analysis

How Covid-19 is changing the UK's prudential supervision

At a recent webinar organised by the Association of British Insurers, experts discussed what Covid-19 and Brexit might mean for the future direction of UK prudential regulation. Cintia Cheong reports

Eiopa's Gabriel Bernardino: climate disclosures will become mandatory

Gabriel Bernardino, chair of the European Insurance and Occupational Pensions Authority (Eiopa) joined InsuranceERM's Insurance Risk and Capital EMEA conference earlier this month. In a Q&A with Christopher Cundy, he answered questions about climate change, the Solvency II review and conduct risk

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