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PIC's profits and deal volumes drop in H1
But bulk annuity provider continues to expand business despite Covid-19 disruption
UK insurers fight for tougher rules for pension superfunds
DB consolidation vehicles given greenlight to operate
UK insurance industry to raise £100m to fight Covid-19
Supporters include Lloyd's of London and Aviva
PIC completes second buy-in with Co-op
The £400m deal covers 2,000 pension scheme members
PIC secures £250m buy-in, confident of further deals
Second buy-in deal with WPP concluded before coronavirus crisis hit
PIC's operating profits boosted by growing business
Financial investments grow 30% to £40.9m
Three lines of defence: a necessity or a nuisance?
The three lines of defence model has become a fixture for enterprise risk management in the insurance sector. But after nearly two decades since its introduction, does the model still have a place within the insurance industry or are changes needed? Paul Walsh investigates
PIC strikes £1bn bulk annuity deal with Co-op pension scheme
The deal covers the pensions of around 7,000 scheme members
PIC strikes £1.6bn buy-in with merchant navy pensions
Deal involves converting an existing longevity swap
PIC to raise £750m as pension risk transfer market booms
Additional capital will support business growth in 2020