Archive

Record insurer activity drives £47.8bn in buy-in / buy out deals in 2024

Six insurers each wrote more than £5bn in deals for the first time, LCP finds

Young actuarial professional of the year: Oliver Grossman, LCP

Oliver Grossman, a consultant at LCP, has been named young actuarial professional of the year, recognising his major contribution to the integration of machine learning and automation in actuarial work.

WTW expects £70bn in bulk annuity and longevity swap deals in 2025 - UPDATED

Experts from WTW noted there is an increasing emphasis on insurers' PRT administration capabilities

Record low death rates in 2024 reported by UK's CMI

But mortality for younger adults is still above the ten-year average

Catherine Drummond: CROs are working more closely with boards

LCP partner Catherine Drummond observes how CROs increasingly became strategic partners in 2024, but have work to do on climate risk and embracing technology

LCP predicts vibrant UK PRT market and continued high deal flow in 2025

The consultancy expects continued favourable buy-in pricing in 2025 as new entrants make their mark

UK motor and liability insurers welcome Ogden rate rise to 0.5%

Higher discount rate should lead to lower premiums

GIRO 2024: Actuaries debate if AI will make reserving obsolete

The conference hears spirited arguments on whether automation will transform or merely enhance reserving processes

Just Group locks in £1.8bn BPA deal, its largest to date

Rothesay writes £11bn bulk annuity for NatWest across multiple deals

Bank's pension scheme has largest volume of liabilities insured of any UK scheme to date