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BRIEF-PIC says reinsures 1 bln stg of longevity risk with Scor
July 12, 2017 / 7:14 AM / a month ago

BRIEF-PIC says reinsures 1 bln stg of longevity risk with Scor

July 12 (Reuters) -

- Pension Insurance Corporation says reinsures 1 billion pounds of firm's longevity risk with Scor.

- Deal covers the longevity risk across six defined benefit pension schemes.

- PIC now has eight highly-rated longevity swap reinsurance counterparties.

- Has now reinsured more than 70% of its total longevity exposure.

Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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