Munich Re in £300mn longevity deal for PIC
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Munich Re in £300mn longevity deal for PIC

30 July 2012
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Munich Re has completed a longevity reinsurance transaction with Pension Insurance Corporation (PIC) covering £300mn of liabilities.

PIC provides insurance for defined benefit pension funds in the UK market including full buy-outs and other options.

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News Catastrophe bonds July 2012/1
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