Standard Life lifted by reinsurance deal

Insurer Standard Life saw shares stride ahead today after announcing a deal that will boost its operating profits by £100m (€135m) this year.

Standard Life lifted by reinsurance deal
Thu, 14 Feb, 2008 - 10:31

Insurer Standard Life saw shares stride ahead today after announcing a deal that will boost its operating profits by £100m (€135m) this year.

The group said it had re-insured £6.7bn (€9bn) of its UK pension annuity liabilities with Canada Life International Re, a subsidiary of Great-West Lifeco.

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