Prudential strikes $1.8bn reinsurance deal with Scottish Widows

05-02-2018

The Prudential Insurance Company of America (PICA) and UK-based Scottish Widows have agreed to their first-ever longevity reinsurance agreement. PICA has assumed the longevity risk for approximately $1.8 billion (£1.3 billion) of annuity liabilities held by Scottish Widows.


Prudential Insurance Company of America, Scottish Widows, UK, Reinsurance, PICA, Longevity risk

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