Legal and General (L&G) has reinsured $800m (£598m) of longevity risk relating to pension liabilities in its bulk annuity business through Prudential Retirement Insurance and Annuity Company (PRIAC).
The deal covers over 2,000 pensioners, and makes it PRIAC's sixth transaction with L&G that in total has reinsured nearly $8bn (£6bn) in longevity risk. Prudential Retirement vice president of p...
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