Prudential enters third longevity reinsurance deal with L&G
Prudential Retirement Insurance and Annuity Company (PRIAC) and Legal & General (L&G) have completed their third longevity reinsurance transaction since October 2014.
PRIAC will reinsure a portion of L&G's bulk annuity business, covering "thousands" of retirees, although the firms did not reveal the amount of pension liabilities it will cover. "This latest transaction...
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