Scottish Widows completes £1.3bn longevity reinsurance deal with Prudential Financial

Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).
The agreement represents the pension provider's first longevity reinsurance transaction with PICA, a division of Prudential Financial. Commenting on the completion of the direct longevity risk transfer...
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