Prudential, PIC Reach $1.2 Billion Longevity Reinsurance Agreement
The transaction highlights the rebounding demand for pension de-risking solutions in the
“Prudential is proud to strengthen its growing partnership with
McCloskey added, “The resurgent market for pension de-risking in 2017—especially in the U.K.—has sparked demand for longevity reinsurance solutions. As part of our partnership, PIC is tapping into Prudential’s capability and capacity to craft solutions that have strengthened Prudential’s leading position in the U.K.’s longevity risk transfer market.”
This agreement is Prudential Retirement’s fourth major transaction of 2017. The company is a global leader in the pension reinsurance market with more than
About
About
Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and non-qualified deferred compensation recordkeeping, 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 4.2 million participants and annuitants. Prudential Retirement has
Reinsurance contracts are issued by
0312021-00001-00
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