Author: LMI Newsdesk
$4bn longevity risk transfer agreement covers approximately 96,000 policyholders with The Prudential Insurance Company of America.
The deal closed in July 2025 and covers the benefits of all c. 6,500 members of the Section, who were previously employed by Sedgwick Group.
This third transaction covers 7,130 uninsured pensioners of the Scheme.
The closing of the repurchase transaction is anticipated to be consummated in the fourth quarter of 2025.
Strategic acquisition establishes vertical integration, enhances operational synergies.
Latest milestone in strategic partnership to accelerate Japan Post Insurance’s global growth strategy.
Total US annuity sales were $223.0bn in the first half of 2025, 3% above prior year results.
The SPP paper highlights the strides insurers have made in streamlining processes, and the welcome presence of new market entrants.
The deal insures the pensions of over 200 members, comprising 118 pensioners and their dependants and 85 deferred pensioners.
£11m transaction secures the benefits of all 15 deferred members and 25 pensioner members and completes the buy-in of all scheme liabilities.