Prudential Retirement and The Phoenix Group enter into an inaugural longevity reinsurance agreement

Prudential Retirement and The Phoenix Group, Europe’s largest life and pensions consolidator and one of the fastest-growing providers of life and pension insurance in the United Kingdom, have entered into an inaugural longevity reinsurance agreement covering U.K. retirees. 

"We are excited to be working together with Phoenix," said Christian Ercole, vice president, Longevity Risk Transfer and transaction lead for the Phoenix deal. "It has been a pleasure to witness the successful launch of their pension risk transfer business and we are thrilled to support them by re-insuring their longevity risk."

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