Leaders of Prudential’s longevity reinsurance business optimistic about a vibrant 2020 risk transfer market after record-breaking 2019
Two previously undisclosed transactions with
“2019 was an extraordinary year in the global risk transfer markets, having started the year at the best funded status that
Kessler added, “in late 2019 and early 2020 we have observed some weakening in funded status, and many sponsors will need to monitor the market closely as strong insurer and reinsurer pricing continue to provide opportunities for sponsors to de-risk.”
“These transactions with
“2019 was a record year for
Gaul and Kessler added that while volatility has increased, they both see a strong start to the market this year, noting activity with many small to midsize plan sponsors who are taking advantage of the current market opportunity. “In 2020, smaller transactions will be a growth area to watch, as will the burgeoning risk transfer markets in
About Prudential Retirement
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and nonqualified deferred compensation record keeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services.
With more than 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.5 million participants and annuitants. Prudential Retirement has
PICA issued the reinsurance from
Insurance products are issued by
About
About
Existing
- Clear and disciplined business strategy;
- Prudent underwriting;
- Meticulous management of risk and cautious investment strategy supporting enhanced customer security;
- Excellence in execution; and
- Robust operational processes underpinning excellent customer service
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Source:
Top Asian News 1:55 p.m. GMT
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