First-of-its-kind coral reef policy for Fijian islands & more…Keep up with what has been happening this week in our latest IP news round-up…

Standard Life completes buy in with Vector Pension Scheme

Standard Life, part of Phoenix Group, has concluded a £114 million Bulk Purchase Annuity (“BPA”) transaction covering c. 1,800 members of the Vector Pension Scheme (“the Scheme”), which is sponsored by Vector Industries Limited.

Declan Keohane named head of risk transfer at First Actuarial

First Actuarial has beefed up its risk transfer and buy-out team, with the promotion of Declan Keohane. The longstanding partner at the firm will now head up the booming practice.

First-of-its-kind coral reef policy for Fijian islands

An insurance policy has been developed for the coral reef system of a group of islands in the South Pacific that are vulnerable to extreme weather and climate change.

Institute of Actuaries of India aims to grow actuary professional base to 100,000 by 2035, says its President

The Institute of Actuaries of India (IAI) aims to grow the number of member associates and students from 10,000 to 35,000 in the next three years and 50,000 to 1 lakh (100,00) by 2030-2035. The growth strategies of the IAI include increasing the number of active professionals and addressing challenges such as student dropouts.