Prudential Financial has entered into a $4bn longevity risk transfer agreement with NN Life & Pensions, a subsidiary of NN Group. The reinsurance agreement covers approximately 96,000 policyholders with The Prudential Insurance Company of America (Prudential), effective as of 1st July 2025.
The deal marks Prudential’s second international longevity reinsurance transaction with NN Life & Pensions, and continued expansion within the Dutch market.
“Prudential is pleased to again collaborate with NN Life & Pensions, as we build the scale of our Institutional Retirement Strategies work in the Netherlands,” said Dylan Tyson, president of Retirement Strategies and head of the company’s Global Retirement Center of Excellence.
“This longevity risk transfer further demonstrates our commitment to the global retirement marketplace, as we seek to help millions more people protect their life’s work.”
“The strong relationship we’ve fostered with NN Life & Pensions since the first transaction in 2023 led to a smooth and efficient close. Our ability to deliver customized reinsurance solutions further solidifies us as a global leader in assisting insurers and plan trustees. We continue to anticipate increased activity and demand in the Dutch market and are excited by the opportunities for Prudential to help those seeking to manage longevity risk as part of their strategic objectives,” added Rohit Mathur, Head of International Reinsurance at Prudential Retirement Strategies.
