Rothesay Life and Paternoster reinsure £450m of longevity risk

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Rothesay Life and Paternoster have reinsured £450m of longevity risk with US-based Prudential Retirement.

The transaction will reinsure the longevity risk of both buy-in, buyout and longevity swap deals written by the firms, covering pensioners and members who have yet to retire. Rothesay Life - whi...

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