Reinsurance News

Prudential Retirement

Prudential to oversee $221m in retirement benefits for Sound Retirement Trust

29th August 2024

The Prudential Insurance Company of America, a provider of insurance and financial services, has been selected for an industry-first pension risk transfer (PRT) involving a multi-employer plan. They will now oversee the retirement benefits for the Sound Retirement Trust, a Seattle-based joint labour-management board of trustees that provides retirement benefits to ... Read the full article

Prudential optimistic for the future as PRT market gains momentum: Rohit Mathur

7th March 2022

After a very strong 2021 that saw Prudential Retirement Strategies close a good mix of pension risk transfer (PRT) deals across various structures, Rohit Mathur, Head of International Reinsurance, told Reinsurance News that the future looks bright. Activity in the UK PRT market was very robust last year with buy-in and ... Read the full article

Now is a good time for pension schemes to begin their de-risking journey: Prudential Retirement Strategies’ Mathur

28th February 2022

Activity in the pension risk transfer (PRT) market has been robust, and with ample capacity and support from the re/insurance community persisting, alongside attractive pricing, it’s a great time for pension schemes to begin their de-risking journey, according to Rohit Mathur, Head of International Reinsurance at Prudential Retirement Strategies. After a ... Read the full article

Prudential appoints Caroline Feeney to lead US role

26th January 2021

Prudential Financial has appointed Caroline Feeney as CEO of its US Insurance & Retirement Businesses. She assumes this newly created role effective immediately and will be responsible for driving growth across the consolidated portfolio of US businesses, while ensuring alignment with PGIM, the company’s asset management business. As part of her role, ... Read the full article

Prudential closes final pension de-risking transaction with Boise Cascade

19th August 2020

Prudential Retirement, a business unit of Prudential Financial, Inc., has completed the firm’s fourth and final pension de-risking transaction with Boise, Idaho-based wood products manufacturer and building materials distributor Boise Cascade Company. Prior to this final transaction, Boise Cascade had transferred US pension plan assets to Prudential in three phases of ... Read the full article

Longevity reinsurance market to end 2020 strong after a resilient H1: Prudential

13th July 2020

Prudential Retirement, part of Prudential Financial, Inc., has announced that it closed a significant $1.7 billion in new longevity reinsurance transactions during the first six months of 2020, and that it expects the market to end the year in a strong position. The company attributes its busy and successful start to ... Read the full article

Prudential completes $2.6bn in longevity reinsurance contracts

24th April 2019

Prudential Retirement has completed approximately $2.6 billion in previously undisclosed longevity reinsurance contracts, assuming the longevity risks of roughly 16,000 pensioners. A division of Prudential Financial, Inc., Prudential Retirement provides retirement plan solutions for public, private, and non-profit organisations. The closing of roughly $2.6 billion in longevity reinsurance agreements highlights the unprecedented ... Read the full article