Prudential agrees £1bn longevity reinsurance deal with Rothesay Life

James Phillips
clock • 1 min read

Prudential Retirement has reinsured benefits for around 22,500 pensioners, after taking on liabilities from Rothesay Life in their sixth deal together.

The deal will see Prudential take on the longevity risk for around £960m of pension liabilities for eight pension schemes. The agreement follows the two firms' first deal together in 2011, which...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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