Prudential Financial closes $3.2 billion in new longevity reinsurance agreements, signaling healthy growth in the ...
(WorldNews Business)

NEWARK, N.J.--(BUSINESS WIRE)--Oct 18, 2018--Prudential Retirement ®, a unit of Prudential Financial, Inc. ( NYSE:PRU ), has concluded $3.2 billion in previously undisclosed longevity reinsurance contracts, a further sign that pension de-risking activity in the U.K. is continuing at a brisk pace. As part of these transactions, The Prudential Insurance Company of America (PICA) assumes the longevity risk for approximately 13,200 retirees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181018005104/en/ Amy Kessler, head of longevity risk transfer at Prudential (Photo: Business Wire) The market for pension de-risking solutions is...