Reinsurance News

Lloyds Bank

Lloyds Banking Group enters into three further longevity transactions

10th December 2025

Lloyds Banking Group Pensions Trustees Limited has entered three new longevity insurance and reinsurance transactions, safeguarding a further £4.8 billion of pension liabilities against the risk of unexpected increases in member life expectancy. The new arrangements cover pensioner liabilities across three major schemes. A £3.1 billion in the Lloyds Bank Pension ... Read the full article

Rothesay, Pacific Life Re & PFI partner on Lloyds Banking Group pension longevity transaction

31st March 2025

Lloyds Banking Group Pensions Trustees Limited has entered into its third and fourth longevity hedging insurance and reinsurance transactions, protecting in aggregate a further £5.1 billion of liabilities. This arrangement will further protect the Lloyds Banking Group pension schemes from the financial impact of increasing life expectancy among its members. The new ... Read the full article

Supporting non-life and life sectors is a key focus for 2025: De Monte, Lloyds Bank

7th January 2025

During a recent interview with Reinsurance News, Christian De Monte, Lloyds Bank Corporate & Institutional Banking Head of Insurance and Group Subsidiaries, discussed what the firm's main priorities are for its insurance business throughout 2025. Readers may recall, that De Monte was named Managing Director, Head of Insurance and Group ... Read the full article

Lloyds Bank names De Monte as MD, Head of Insurance & Group Subsidiaries

28th August 2024

Lloyds Bank Corporate & Institutional Banking has appointed Christian De Monte as Managing Director, Head of Insurance and Group Subsidiaries. De Monte will join on September 2nd, and oversee two teams, one which supports the bank’s insurance clients and the other which supports its group subsidiaries client base. Based in London, ... Read the full article

Probitas commences underwriting cyber

4th July 2022

Probitas 1492, a Lloyd's underwriting syndicate specialising in property, construction and casualty, will now underwrite cyber. Richard Taylor, its Head of Cyber & Technology, is tasked with focusing the business on cyber risks. He said: “We have spent the past couple of months establishing Cyber as a new line ... Read the full article

SCOR completes its largest (£5.5bn) ever longevity reinsurance deal

15th February 2022

Global reinsurer SCOR has completed a £5.5 billion longevity reinsurance transaction, covering liabilities of more than 17,000 members of the Lloyds Bank No. 1 Pension Scheme. This landmark transaction is SCOR's largest ever longevity deal and protects the trustee of the scheme by transferring the risk that members live longer than ... Read the full article

UK insurance industry proves its resilience throughout COVID-19: Lloyds Bank

29th September 2020

The UK insurance industry has proved its resilience throughout the COVID-19 pandemic as well as the uncertainty of Brexit, Lloyds Bank has said. The fifth annual Financial Institutions Sentiment Survey released by Lloyds Bank gathers views from major banks, asset and wealth management firms, insurers and intermediaries. As COVID-19 is expected to ... Read the full article