Aviva completes £1bn longevity reinsurance deal with Prudential
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 of defined...
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