Prudential agrees £1bn longevity reinsurance deal with Rothesay Life

James Phillips
clock • 1 min read

Prudential Retirement has reinsured benefits for around 22,500 pensioners, after taking on liabilities from Rothesay Life in their sixth deal together.

The deal will see Prudential take on the longevity risk for around £960m of pension liabilities for eight pension schemes. The agreement follows the two firms' first deal together in 2011, which...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m

Halma and Apollo schemes secure buy-in deals with Standard Life worth £250m

Bulk purchase annuity worth £250m and secure the benefits of 2,200 scheme members

Holly Roach
clock 07 November 2024 • 2 min read
Average time to buyout drops to 5.2 years

Average time to buyout drops to 5.2 years

Barnett Waddingham DB End Gauge Index records largest monthly fall since February

Jasmine Urquhart
clock 07 November 2024 • 1 min read
Atradius UK scheme completes £190m buy-in with PIC

Atradius UK scheme completes £190m buy-in with PIC

Risk reduction transaction secures benefits for 771 pensioners, deferred members and active members

Martin Richmond
clock 07 November 2024 • 2 min read
Trustpilot