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£35m bulk purchase annuity buy-in with PIC. The transaction secures the benefits of 168 scheme members.
£55m deal secures the future benefits for more than 250 pensioners and 450 deferred members.
Durousseau is a senior executive with over 30 years’ international experience in the life and health reinsurance industry.
Deal covers in-force whole of life policies and will help Anshin Life reduce its portfolio’s long-term interest rate risk.
Lumos Insurance, a wholly owned subsidiary of Hoplon Capital, has hired Tom Kenny as Managing Director and Senior Vice President of Global Retirement and Protection.
Reinsurer completes two block reinsurance deals in Hong Kong and one flow reinsurance deal in Japan.
£160m full-scheme buy-in secures the benefits of all 2,361 members (1,689 pensioners and 672 deferred).
The transaction secures the full benefits of all 115 uninsured members, comprised of 52 deferred members and 63 members with pensions in payment, and completed in March.
Agreement with Nationwide reinsures a block of fixed Universal Life with Secondary Guarantees (ULSG) policies representing nearly $6bn of statutory reserves.
New survey by WTW says that half of £1bn+ schemes expect to run-on.