Pensions - Articles - Prudential Retirement in longevity reinsurance deal with L&G

 Prudential recently announced the completion of another longevity reinsurance transaction with Pension Insurance Corporation. “We’re pleased that Legal & General has offered us an opportunity to partner with them again to help solve pension challenges,” explains Bill McCloskey, vice president, longevity reinsurance at Prudential.

 “The impact of longevity on pension plans is a global issue that affects employees and employers across the U.S. and the U.K.,” adds McCloskey. “This latest transaction demonstrates the capacity we have as a reinsurer to support the pace of the market in the U.K., which remains very active.”