We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Prudential Seals $2.6B In Pension Deals Ahead Of Brexit

Law360, London (April 25, 2019, 2:13 PM BST) -- Prudential Retirement has completed approximately $2.6 billion in reinsurance contracts against longer life expectancy this year, as U.K. pension schemes hasten to offload their liabilities ahead of Brexit, its U.S. parent company Prudential Financial has said.

The subsidiary is assuming longevity risks for some 16,000 pensioners in Britain in an “unprecedented start to the 2019 U.K. pension risk transfer market,” Prudential Financial said in a statement that revealed the previously undisclosed agreements.

“Pension schemes that can afford to de-risk have raced forward in the opening months of 2019, taking advantage of the window before Brexit,” Amy Kessler, head of longevity reinsurance...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Companies

Government Agencies