Prudential reinsures $1.2bn of PIC's longevity risk

Victoria Tichá
clock • 1 min read

Prudential Insurance Company of America (PICA) has agreed to reinsure around $1.2bn (£900m) of Pension Insurance Corporation's (PIC) longevity risk.

The deal covers around 7,500 pensioners across two schemes, and is the two companies' sixth transaction together since their partnership began in 2015. The transaction is PICA's first major long...

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Victoria Tichá
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