Prudential Retirement reinsures $2.6bn of UK pension risk

James Phillips
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Kessler: Schemes are de-risking at an unprecedented pace
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Kessler: Schemes are de-risking at an unprecedented pace

Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.

The US life insurer - a branch of Prudential Financial - said the cover secures the risk of around 16,000 pensioners and the volume represents an "unprecedented start to the 2019 UK pension risk tr...

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