Athora Group Acquires Pension Insurance Corporation, Plans UK Relocation

Athora Group has announced the completion of its acquisition of Pension Insurance Corporation Group Limited (PICG), marking its entry into the UK market. This acquisition positions Athora among Europe's largest savings and retirement services groups, managing €139 billion in assets and serving 3.1 million policyholders. The Pension Insurance Corporation will continue operating under its existing brand as Athora's UK insurance business.

Athora also disclosed plans to move its headquarters from Bermuda to the UK by late 2027, pending regulatory approvals. This strategic relocation, which includes forming a new holding company in England and Wales, underscores Athora's commitment to the UK as a pivotal market.

The PIC acquisition provides access to increased growth capital and assets, strengthening Athora's capabilities in the pension risk transfer market. Athora's operations span the UK, Netherlands, Italy, Belgium, Germany, and reinsurance operations in Bermuda.