Pru reinsures $1.2bn of PIC's longevity risk

James Phillips
clock • 1 min read

Prudential Insurance Company of America has agreed to reinsure around $1.2bn (£920m) of Pension Insurance Corporation's (PIC) longevity risk.

The deal covers around 4,000 pensioners across four defined benefit (DB) schemes, and is the two companies' fifth transaction together since their partnership began in 2015. It reinsures the lon...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Buy-in to buyout and member experience

Buy-in to buyout and member experience

What best-in-class transitions and member service looks like

Jonathan Stapleton
clock 24 September 2026 • 37 min read
Just Group posts H1 results revealing £647m in PRT sales

Just Group posts H1 results revealing £647m in PRT sales

Insurer says its strong position in the smaller scheme segment has led to steady deal flow

Jonathan Stapleton
clock 22 September 2026 • 2 min read
Pension risk transfer volumes surpass £10bn in H1

Pension risk transfer volumes surpass £10bn in H1

Consultants expects market capacity to increase following insurer acquisitions

Martin Richmond
clock 22 September 2026 • 4 min read
Trustpilot