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rothesay reports strong growth with 15.7 billion in new business premiums
Rothesay reported a strong performance in 2024, generating new business premiums of £15.7bn, up from £12.7bn in 2023, and increasing assets under management to £70.7bn. The firm secured over one million pensions and made annual payments of approximately £3.8bn to policyholders, while maintaining a robust solvency coverage ratio of 261%. CEO Tom Pearce highlighted the competitive pension risk transfer market as a source of ongoing business opportunities, supported by long-term shareholders GIC and MassMutual.
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