Aviva completes £1bn longevity reinsurance deal with Prudential

Victoria Tichá
clock • 2 min read

The Prudential Insurance Company of America (PICA) has agreed to assume approximately £1bn of pension liabilities from Aviva's bulk annuity business.

Announced today (August 8), this is the first longevity reinsurance deal between Prudential and Aviva, and establishes a new partnership in an increasingly busy market. Aviva managing director o...

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

Victoria Tichá
Author spotlight

Victoria Tichá

View profile
More from Victoria Tichá

HSBC pension scheme to invest £250m in wind and solar

Pension freedoms could rake in £19.2bn of tax over next decade

More on Risk Reduction

Superfunds to take on 'more leading role' in risk transfer
Risk Reduction

Superfunds to take on 'more leading role' in risk transfer

Hymans Robertson says ‘changing market dynamic’ will boost the role of superfunds

Jasmine Urquhart
Jasmine Urquhart
clock 20 November 2024 • 1 min read
Schemes urged to 'tackle the tough questions' when deciding endgame strategy
Risk Reduction

Schemes urged to 'tackle the tough questions' when deciding endgame strategy

LCP urges stakeholders to ‘grasp the nettle’ to avoid ‘sleepwalking’ into endgame strategy

Jonathan Stapleton
Jonathan Stapleton
clock 19 November 2024 • 2 min read
Walkers Shortbread scheme bakes up £34m buy-in deal with L&G
Risk Reduction

Walkers Shortbread scheme bakes up £34m buy-in deal with L&G

Transaction secures the benefits of 161 retirees and 238 deferred members

Holly Roach
Holly Roach
clock 14 November 2024 • 2 min read
Trustpilot