PICA reinsures £6bn of longevity risk for unnamed scheme

James Phillips
clock • 4 min read

The Prudential Insurance Company of America (PICA) has concluded a £6bn longevity reinsurance deal, with Zurich Assurance acting as an intermediary on a pass-through basis.

The swap covers the longevity risk with pensioner members within the £10bn-plus white-collar scheme, as well as their current and/or future dependents. The pass-through deal was the first to be ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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