Skip to Main Content

First Quarter Trading Update

Rothesay's substantial capital surplus and proven execution capabilities are delivering strong performance in a buoyant market.

Since the start of 2023, Rothesay has completed de-risking transactions with four pension schemes, resulting in new business premiums of c.£1.6bn. In addition, Rothesay is currently in advanced stages on over c.£10bn of further new business.

Tom Pearce, Chief Executive Officer of Rothesay, said:

“Rothesay’s substantial capital surplus combined with our extensive execution capabilities, particularly in relation to large and complex transactions, mean we are very well-positioned in an incredibly buoyant bulk annuity market. We have executed four transactions already in 2023 and are currently in advanced negotiations on a significant volume of additional new business, with an unprecedented pipeline for the rest of the year and into 2024.

As we navigate these exciting growth opportunities, we will always maintain our disciplined approach to underwriting, our focus on operational excellence and our continued investment in our market leading and purpose-built risk management systems.”

Read the full trading update