Prudential Again Named “Reinsurer of the Year”
For the fourth straight year, Prudential was named “Reinsurer of the Year” at the annual Risk Awards ceremony on November 28, 2017. “The resurgent market for pension de-risking in 2017—especially in the U.K.—has increased demand for longevity reinsurance solutions,” said Amy Kessler, head of Longevity Risk Transfer at Prudential.
Prudential’s ability to consistently adapt and strengthen its capabilities to meet market demand quickly and efficiently was a key factor in Prudential receiving the award. Also recognized was Prudential's captive reinsurance transaction of the Marsh & McClennan Companies (MMC) UK Pension Fund announced in September.