Zurich sells annuity book to Rothesay Life for £1.2bn

Carmen Reichman
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Insurer Zurich is to pass its £1.2bn legacy annuities business covering 28,000 clients to specialist Rothesay Life.

Zurich's UK Life business has initially reinsured the policies to Rothesay Life and will transfer them following regulatory approval. The provider has not actively marketed its annuity business since...

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