Prudential Closes $1.2 Billion Longevity Reinsurance Transaction with Rothesay Life

Prudential has completed its sixth longevity reinsurance transaction with Rothesay Life Plc, covering the longevity risk associated with a block of eight defined benefit pension schemes. The transaction reinsures the longevity risk associated with $1.2 billion in pension liabilities for approximately 22,500 pensioners in the UK.

 

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