Pru reinsures $1.2bn of PIC's longevity risk

James Phillips
clock • 1 min read

Prudential Insurance Company of America has agreed to reinsure around $1.2bn (£920m) of Pension Insurance Corporation's (PIC) longevity risk.

The deal covers around 4,000 pensioners across four defined benefit (DB) schemes, and is the two companies' fifth transaction together since their partnership began in 2015. It reinsures the lon...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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