Reinsurer of the Year
Prudential scores hat trick with third-straight Reinsurer of the Year Award
Prudential has captured the coveted “Reinsurer of the Year Award” three years running for its achievements in longevity risk transfer. The 2016 award recognizes the multiple longevity reinsurance transactions Prudential completed this year with Legal & General, a leading U.K.-based financial services firm. In executing these agreements, Prudential:
Met an acute timing need for reinsurance by providing binding pricing on a real-time basis;
Dedicated a segment of its pricing team exclusively to buy-in agreements between Legal & General and the ICI Pension Fund; and
Completed one agreement immediately following the Brexit vote, demonstrating that the British referendum had no impact on the ability to transfer longevity risk.