July 12 (Reuters) -
- Pension Insurance Corporation says reinsures 1 billion pounds of firm’s longevity risk with Scor.
- Deal covers the longevity risk across six defined benefit pension schemes.
- PIC now has eight highly-rated longevity swap reinsurance counterparties.
- Has now reinsured more than 70% of its total longevity exposure.
Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)