Pension Insurance Corporation plc
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Pension Insurance Corporation plc - overview
Established
2006
Location
London, -, UK
Primary Industry
Insurance
About
Pension Insurance Corporation plc, based in the UK, specializes in pension insurance solutions, including tailored buyouts and buy-ins for defined benefit pension schemes, ensuring income security for retirees. Pension Insurance Corporation plc (PIC) provides insurance solutions specifically for pension schemes. Founded in 2006, it is headquartered in London, UK. In July 2025, Athora Holding Ltd, a portfolio company of Apollo Global Management and Abu Dhabi Investment Authority, agreed to acquire Pension Insurance Corporation plc from HPS Investment Partners, Reinet Investments, Bluegrass Holdings, CVC Capital Partners and Abu Dhabi Investment Authority for GBP 5.
7 billion. Pension Insurance Corporation plc (PIC) specializes in delivering tailored pension insurance solutions, focusing on buyouts and buy-ins for defined benefit pension schemes. The company assists trustees and sponsors of UK pension funds in securing member pensions, ensuring reliable income streams for retirees. Their offerings encompass detailed assessments of pension liabilities, risk management strategies, and customized insurance solutions that align with the specific goals of each pension scheme.
PIC primarily serves a diverse clientele that includes pension trustees and corporate sponsors across the UK, emphasizing high-quality customer service.
Current Investors
Reinet Investments, Istithmar World Ventures, CVC Credit Partners
Primary Industry
Insurance
Sub Industries
Personal Insurance
Website
www.pensioncorporation.com
Verticals
FinTech, InsureTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Pension Insurance Corporation plc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Pension Insurance Corporation plc | - | ||||||||
| Add-on | Completed | House of Fraser, Beatties & Jenners Pension Scheme | - | ||||||||
| Secondary Buyout | Completed | Pension Insurance Corporation plc | - | ||||||||
| Add-on | Completed | Old British Steel Pension Scheme | - | ||||||||
| LP Direct, Trade Sale | Completed | Pension Insurance Corporation plc | - |
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