Rothesay sees ‘unprecedented’ pipeline in UK pension risk transfers

LONDON, April 5 (Reuters) – Rothesay Life said on Friday it saw “very significant” growth opportunities due to an “unprecedented” pipeline of British pension schemes looking to offload risks to insurers.

The comments came as Rothesay, owned by Singapore’s GIC and MassMutual, posted new business premiums of 12.7 billion pounds ($16 billion) for 2023, up from 3.3 billion pounds the year before, thanks to a dozen de-risking deals with pension schemes.

($1 = 0.7927 pounds) (Reporting by Pablo Mayo Cerqueiro Editing by Mark Potter)

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