Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension funds, has completed a £52m full scheme buy-in with the Trustee of the Medway Packaging Pension Scheme.

Swiss Re’s November 2024 Macro Outlook highlights the dominance of politics and policy, with key developments including its revision to US inflation and interest rate forecasts due to President-elect Trump’s victory, increased UK policy rate and yield forecasts following the Autumn budget announcement, as well as concerns over potential US tariffs and fiscal sustainability contributing to global macro volatility.

AXA XL’s UK & Lloyd’s Business Unit has announced the appointment of Louise Nevill as Chief Underwriting Officer – Specialty and Sundeep Khera as Head of Marine and Energy.