Reinsurance News
BAA Pension scheme
Intact, RSA & PIC announce record £6.5bn UK pension buy-in
27th February 2023
Intact Financial Corporation has announced that the RSA UK Pension Trustees have entered into an agreement with Pension Insurance Corporation (PIC) for Bulk Purchase Annuities with respect to £6.5 billion of RSA UK pension plan liabilities. According to Intact, the buy-ins fully insure the defined benefit liabilities of the Royal Insurance ... Read the full article
Legal & General completes £325m Heathrow pension scheme buy-in
15th June 2018
Legal & General (L&G) has completed a £325 million buy-in to Heathrow’s BAA Pension Scheme, covering 1,300 of the Schemes’ members. The transaction accompanies the issuing of a £160 million long-dated, index-linked bond directly to L&G by the pension fund’s sponsoring employer, Heathrow Airport Holdings Ltd. L&G worked in partnership with the ... Read the full article
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