Pacific Life Re, Rothesay Life sign reinsurance agreements

Reuters

Updated 19 December 2014 at 5:25 am

LONDON (Reuters) - Pacific Life Re has signed a series of reinsurance agreements with Rothesay Life covering pension liabilities in excess of 1 billion pounds.

Pacific Life Re said in statement on Friday that the transactions, completed during 2014, provide longevity protection to Rothesay Life for a proportion of its in-force bulk annuity business.

They cover over 100 individual pension schemes and mark the seventh such deal between the two companies.

(Reporting by Clare Hutchison. Editing by Pamela Barbaglia.)

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