Rothesay’s £111m bulk annuity

Rothesay Life, the life insurer co-owned by Blackstone and Goldman Sachs, yesterday struck a £111m bulk annuity deal with Western United Group Pension Scheme. It follows a similar £115m deal between the two last year. The transaction will see the pension scheme transfer some of its investments over to Rothesay. “Repeat business is the best endorsement,” Rothesay chief executive Addy Loudiadis said.