|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 232.2 EUR | -0.15% |
|
-1.19% | +7.44% |
| 04-17 | HANNOVER RUECKVERSICHERUNG AG : JP Morgan keeps its Buy rating | ZD |
| 04-15 | HANNOVER RUECKVERSICHERUNG AG : JP Morgan reaffirms its Buy rating | ZD |
LONDON (Reuters) - Pension Insurance Corp (PIC) has completed a 2.4 billion pound ($3.69 billion) buy-out of Philips UK pension fund, the firm said on Thursday.
PIC specialises in bulk annuities - taking on the risk of company defined benefit, or final salary, pension schemes.
The deal covers the pension benefits of around 26,000 UK pension scheme members, PIC said in a statement.
Longevity risk was reinsured through Hannover Re, PIC said.
(Reporting by Carolyn Cohn, editing by Sinead Cruise)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 25.45 EUR | -0.35% | +29.85% | 24.75B | ||
| 12.43 EUR | -0.26% | -0.64% | 34.88B | ||
| 1st Jan change | Capi. | |
|---|---|---|
| +7.44% | 30.04B | |
| +10.24% | 59.38B | |
| +4.39% | 18B | |
| +13.10% | 11.68B | |
| +3.53% | 2.04B | |
| +7.46% | 989M | |
| -2.89% | 689M | |
| +37.63% | 608M | |
| +6.48% | 431M | |
| +16.88% | 379M |
HANNOVER RE 
