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PICA reinsures £6bn of longevity risk for unnamed scheme


PICA reinsures £6bn of longevity risk for unnamed scheme
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It is the fourth largest ever UK longevity swap
The Prudential Insurance Company of America (PICA) has concluded a £6bn longevity reinsurance deal, with Zurich Assurance acting as an intermediary on a pass-through basis. ....

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