Prudential completes third reinsurance deal with Pension Insurance Corporation

Prudential has completed a new reinsurance deal with U.K.-based insurer Pension Insurance Corp. (PIC), a specialty insurer of defined benefit pensions. Prudential will provide longevity reinsurance on approximately $1.1 billion of liabilities. This is Prudential’s third longevity reinsurance transaction with PIC.

 

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