Rothesay Life is an insurance company authorised and regulated by the UK Financial Services Authority (FSA). Established in 2007, it is a fully owned subsidiary of The Goldman Sachs Group, Inc. In talks with Blackstone and GIC a singapore Wealth fund to take 30% each of Goldmans.
On 11th January 2011, Rothesay Life acquired Paternoster - an insurance company established in 2006, and authorised and regulated by the UK FSA. Paternoster now forms part of the Rothesay Life group. As a group we offer tailor-made, structured solutions to help pension schemes reduce exposure to risk and increase long-term security.
The group strives to provide operational and administrative excellence for policyholders, bringing banking controls and standards to the insurance landscape and combining this with experienced market leading third party pension administrators.
In doing so, we aim to provide the very highest levels of customer service, administrative support and ensure robust long-term security for our policyholders. We seek to exceed the standards set out in ‘Treating Customers Fairly’ and other guidelines from the FSA and The Pensions Regulator.
10 June 2020 09:45
mallowstreet University Digital Roundtable: Navigating the Road to Buyout
As pension funds map out their ‘end game’, many are working out how to fully transfer their liabilities to an insurer. During this morning event, Sammy Cooper-Smith from Rothesay Life will discuss the following areas and take Q&A on any topics related to risk settlement.
Does the quality of your data matter?
What makes an Insurer take one process more seriously than another?
Are there times where you can secure better pricing than others?
Are some benefits more expensive than others to insure?
Should you use new advisers to help run your process?
Please join us for what should be a fascinating discussion.
"I’ve attended two mallowstreet events where Rothesay Life were presenting, and the quality of discussion has always been high. The first of these was when we were starting to think through our options for pensions de-risking, and it was useful to speak with Sammy Cooper-Smith and Guy Freeman to get their views on the bulk annuity market, as a leading insurer, and around the topics we should be thinking of to enable a successful transaction (which we subsequently did, with Rothesay Life, later in 2019)." - Greg Barton, Pension Strategy Manager, National Grid plc
This event is accredited for CPD points by the Pensions Management Institute (PMI) and is exclusively for pension fund decision makers and their advisors.
Sammy is Co-Head of Business Development at Rothesay Life. His role is to lead the deal process, liaising with prospective clients and their advisers from the initial stages through execution. In this role Sammy has worked on a number of risk transfer processes including the reinsurance arrangement with Zurich and the £1.6bn buy-in with the CAA Pension Scheme among others. Sammy has been with Rothesay Life since they acquired Paternoster in 2010 and has worked in pension de-risking for 10 years, and annuities in general for 18 years.