Author: Greg Winterton

Aggregate surplus fell from £239.0bn in January to £232.7bn at the end of February.

Universal life insurance applications declined -18.5% versus February last year.

The transaction scope includes blocks of in-force structured settlement annuities and secondary guarantee universal life business

The transaction covers over 850 deferred members and approximately 650 pensioners.

The buy-out transaction was completed in January 2025, with the buy-in having taken place in July 2024.

Finnerty will take up the position on 31st March 2025, succeeding Orla O’Connor, who is completing her six-year term as Chair.

Brookfield Wealth Solutions will operate under the Blumont Annuity UK brand.

RGA is to reinsure $32bn of a diversified mix of life insurance products and expects to deploy $1.5bn of capital into this reinsurance transaction at closing.

The estimated retiree pension risk transfer cost is now 101.6% of a plan’s accumulated benefit obligation.

Hymans Robertson report expects 2025 to have a record-breaking number of transactions, across both small and larger schemes.