Reinsurance News
LCP
LCP urges general insurance actuaries to review modelling assumptions
29th July 2025
As insurers prepare for 2026 amid softening market conditions and a shifting risk landscape, LCP is urging general insurance actuaries to review their modelling assumptions to ensure capital models remain robust—factoring in climate risks alongside expected loss ratios and economic uncertainty. Insurance experts at LCP recommend that actuaries closely monitor signs ... Read the full article
LCP reveals 198% own funds ratio amid evolving market risks in insurance sector
1st October 2024
LCP (Lane Clark & Peacock), a consultancy firm specialising in actuarial, investment, and insurance services, has reported another robust financial year for the insurance market, despite the challenges posed by increasing risks. Their eighth annual review of Solvency II, which examines data from 100 of the largest non-life insurers in the ... Read the full article
PIC completes second buy-in with TotalEnergies UK Pension Plan, covering £2.8bn
3rd July 2024
Pension Insurance Corporation plc (PIC) has completed a £1.2 billion buy-in with the Trustee of the TotalEnergies UK Pension Plan, sponsored by TotalEnergies, an energy company involved in oil, biofuels, natural gas, green gases, renewables, and electricity. This transaction is the largest buy-in announced so far this year. It follows the ... Read the full article
Mortality models “creaking” under the strain of disruption in wake of pandemic, says LCP
23rd April 2024
A new report released by Lane Clark & Peacock (LCP) has highlighted significant disruption to mortality trends in the wake of the COVID-19 pandemic and the ongoing pressures on the healthcare system. The firm has addressed the challenge that this disruption presents to traditional actuarial models used by the industry for ... Read the full article
DB schemes seeking risk transfer to insurers increases by over 50%: LCP
8th November 2023
A recent analysis from LCP has highlighted that the number of UK private sector defined benefit (DB) schemes fully funded on buy-out has expanded to 20%, equating to 1,000 schemes, and c£275 billion of assets out of the £1,400 billion total in UK DB schemes. According to the firm, this has ... Read the full article
Insurance market remains strong but faces new challenges: LCP
8th September 2023
LCP's seventh annual analysis of Solvency II reporting has revealed that the financial strength of the UK and Ireland's largest non-life insurers remains robust, with the average eligible own funds ratio standing at 180%. The report indicates that the total eligible own funds for these insurers increased from £97 billion at ... Read the full article
LCP facilitates £90 million bulk purchase annuity transaction
17th July 2023
London-based pension consultancy firm, Lane Clark & Peacock (LCP), has successfully advised on a significant £90 million bulk purchase annuity transaction between Just and the Hammerson Group Management Limited Pension and Life Assurance Scheme. The completion of this transaction in December 2022 marks a crucial milestone in the Scheme's journey towards ... Read the full article
LCP predicts record-breaking 2023 for pension de-risking market
5th January 2023
This year is set to be a record-breaking one for the pension de-risking market after the “rollercoaster” of 2022, according to Lane Clark & Peacock LLP (LCP). The pensions, investment and insurance consultancy firm has shared five predictions for the market in the year ahead, which include record volumes of buy-ins ... Read the full article
Marathon Service pension scheme completes £610m buy-in with Rothesay Life
2nd September 2020
The Marathon Service Limited Pension and Life Assurance Scheme has completed a £610m full buy-in with Rothesay Life, enabling them to cover over 1,400 members. The transaction, which was initiated by the scheme’s sponsoring employer, RockRose Energy, has secured benefits for the 740 pensioners and 700 deferred members in the scheme. RockRose ... Read the full article
Climate change & cyber growing priorities for re/insurers: LCP
22nd June 2020
A new report by pension, insurance and investment consultancy firm Lane Clark & Peacock LLP (LCP) has found that climate change and cyber risk are seen as the main rising priority areas for re/insurance firms. An analysis of early Solvency II disclosures by 50 re/insurers across the UK and Ireland found ... Read the full article
2020 UK pension buy-in/outs to be second largest ever: LCP
21st April 2020
Pension, insurance and investment consultancy firm, Lane Clark & Peacock LLP (LCP) is predicting total buy-in and buy-out volumes for 2020 by DB pension plans in the UK to hit £25 billion, the second largest total on record. This comes on the back of record-breaking transaction volumes for 2019, where there ... Read the full article
Streamlined de-risking will be the norm for smaller pension schemes: LCP
5th February 2020
Pension, insurance and investment consultancy firm, Lane Clark & Peacock LLP (LCP) believes that increasingly, it will become standard for smaller pension schemes looking to de-risk to utilise a streamlined service. To date, LCP has completed 40 transactions worth more than £1 billion for smaller pension schemes using its streamlined buy-in ... Read the full article
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