Pensions

News

News in brief: Pacific Life Re and Scottish Widows PRT deals

A short summary of this week's major pension risk transfer deals

Leading insurers call for end to thermal coal investment

Net-Zero Asset Owner Alliance urges underwriters to back investment teams

MetLife secures longevity reinsurance deal with Rothesay Life

The US insurer's latest UK longevity transaction will cover $320m of pension liabilities

Legal & General seals £275m buy-in deal

Bulk annuity transaction closes out Hitachi UK's pension liabilities

L&G's £30bn portfolio transfer to ReAssure cleared by court

Transaction had been stalled due to Covid-19

Legal & General completes £530m bulk annuity deal

Transfers risk from Siemens pension fund

Legal & General completes £70m ICI buy-in deal

It marks the insurer's ninth transaction with the pension fund

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

Analysis

Mutuals' deferred shares could have saved LV= from demutualising

With the British life insurer planning to demutualise with the £530m sale of its business, Cintia Cheong talks to AFM chief Martin Shaw about the prospects for the mutual sector in the UK

Eiopa in 2021: more staff, more responsibilities

Europe's insurance authority is hiring nearly 35 more staff as its responsibilities grow. Executive director Fausto Parente explains what they will be doing, in conversation with Christopher Cundy

Pension superfunds "not a competing proposition", says L&G

The pension risk transfer market and investment solutions put insurers in a strong position to manage defined-benefit pension liabilities, L&G's head of pricing and execution Pretty Sagoo tells Cintia Cheong

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