History & Key Facts
Rothesay Life is a leading provider of regulated insurance solutions in the UK market for pensions de-risking. We provide solutions to pension schemes and other insurance companies. Established in 2007, Rothesay Life has grown to become the largest specialist annuity provider in the UK market. On 31 December 2018, we had over £36bn of assets under management, insuring the pensions of over 770,000 individuals. During 2018 we paid a total of £1.9bn in pension benefits.
Rothesay Life founded and authorised by the Financial Services Authority (FSA).
First transaction completed: £700m buy-out of the Rank Group's pension fund, the largest buy-out at the time.
Total of £4.3bn pension scheme de-risking transactions completed, including the largest buy-in at the time.
Acquistion of Paternoster with £3bn bulk annuity portfolio.
£5bn of further pension de-risking transactions completed.
New investors in Rothesay Life - GIC, Blackstone and MassMutual.
Acquisition of Metlife Assurance Limited with £2.5bn bulk annuity portfolio.
£5bn of further annuity de-risking, including first reinsurance transaction.
Rothesay purchases £6bn annuity portfolio from Aegon UK, the first substantial annuity transfer since Solvency II implementation.
Blackstone, GIC and MassMutual acquire Goldman Sach's shareholding in Rothesay Life.
Rothesay Life completed the largest ever acquisition of an in-force block of annuities by completing a £12bn transaction with Prudential plc. The transaction covered over 400,000 policyholders and resulted in Rothesay Life’s assets under management increasing to over £37bn.