The pension annuity is a staple product. Two recent changes seem to spell the end of UK annuities. BRAVE Partners analyses these trends and examines the implications.
March 2011 is doing its best to harden insurance and reinsurance pricing. 2010 was not exactly a loss free year. 2011 starts with more of the same: floods in Australia and a second (larger) earthquake in Christchurch, NZ. Then within weeks one of the largest earthquakes in history has hit Japan – within shaking distance of Tokyo. Many insurers are protected by extensive reinsurance programs – but that is only good ... if the reinsurer can and will pay!
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