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...

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

More on Risk Reduction

The era of choice in DB endgames

The era of choice in DB endgames

Rosie Twist asks how trustees should consider the differences between their options

Rosie Twist
clock 08 May 2026 • 5 min read
M&G expects BPA volumes to continue year-on-year growth following with-profits launch

M&G expects BPA volumes to continue year-on-year growth following with-profits launch

Firm’s Q1 trading update says BPA growth will be weighted towards second half of year

Jonathan Stapleton
clock 07 May 2026 • 2 min read
Bakkavor Pension Scheme completes £160m buy-in with Rothesay

Bakkavor Pension Scheme completes £160m buy-in with Rothesay

Transaction secures the benefits of all 2,216 scheme members

Holly Roach
clock 05 May 2026 • 2 min read
Trustpilot