We are the UK’s largest pensions insurance specialist.
We are dedicated to securing the future for every one of our policyholders. We are defined by our absolute focus on security, real-time risk management, and the meticulous approach to everything we do.
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1stinsurance company to be PASA Accredited for policyholder experience
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Over 825,000pensions protected
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£47bn+assets under management
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£200maverage monthly pension payments
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95%of policyholders surveyed in 2022 rated our service “good” or “excellent”
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£3.3bnnew business in 2022
Some examples of our transactions
Our history of steady growth
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£47bn+ assets under management
Today
Rothesay has over £47bn invested according to our risk-averse, safety-first principles
We secure pensions for over 825,000 people -
Rothesay valued at £5.75bn
2020
GIC & MassMutual acquired Blackstone’s shareholding in Rothesay in September 2020. The transaction valued the Group at £5.75bn.
Rothesay completed 12 buy-ins during the year and were named Risk Management Firm of the year at the 2020 European Pension Awards. -
UK's largest full buy-out
2019
Rothesay completed a full buy-out of the GEC 1972 Plan which at £4.7bn was the largest to date. Other risk transfers completed in this record year for new business include:
- £3.8bn buy-in with the Allied Domecq Pension Fund
- £3.8bn full buy-out of the Asda Group Pension Scheme
- £2.8bn buy-in with the National Grid Pension Scheme
- £255m full buy-out of ESAB Group (UK) Limited Pension & Life Assurance Scheme -
£12bn transaction
2018
Rothesay completed a £12bn transaction with Prudential, structured as reinsurance of the in-force block of annuities - the largest transaction of its type ever executed in the UK
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Financial independence from Goldman Sachs
2017
GIC, MassMutual and Blackstone acquired Goldman Sachs’ remaining shareholding in Rothesay
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£6.4bn portfolio purchased
2016
Rothesay purchased £6.4bn annuity portfolio from Aegon UK, the first substantial annuity transfer since Solvency II implementation
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Two Firsts
2015
First insurance back-book transaction through £1.2bn reinsurance for Zurich
The UK’s first CPI bond financed by Rothesay -
MetLife acquired
2014
Rothesay acquired Metlife Assurance Limited with £2.5bn bulk annuity portfolio
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Largest specialist insurer in the sector
2013
Cumulative value of all risk transfer transactions underwritten exceeded £12bn, making Rothesay the largest specialist insurer in the sector
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Pension liabilities over £10bn
2012
Cumulative pension liabilities passed £10bn, covering pensions of more than 150,000 individuals
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Paternoster acquired
2011
Rothesay acquired the pension risk transfer specialist, Paternoster, and its £3bn bulk annuity portfolio
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Pension risk transfer reaches £4.3bn
2010
By the end of 2010, Rothesay had completed pension risk transactions totalling £4.3bn
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Largest buy-in at the time
2009
Rothesay insured £1.9bn of the liabilities of RSA Insurance Group’s UK pension schemes
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Largest buy-out at the time
2008
Rothesay’s first transaction was a £700m buy-out of the Rank Pension Plan
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Rothesay established
2007
Rothesay founded and authorised by the Financial Services Authority
- Today
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007