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

Clarks Footwear scheme secures £540m buy-in deal with PIC

Clarks Footwear scheme secures £540m buy-in deal with PIC

Second deal between PIC and the scheme means all its DB liabilities are now insured

Holly Roach
clock 07 January 2025 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 07 January 2025 • 1 min read
Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame

Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame

What is the right long-term objective for pension schemes?

Professional Pensions
clock 06 January 2025 • 20 min read
Trustpilot