November 29, 2017

QMA continues to build global platform; hires John Gee-Grant as first head of international distribution

NEWARK, N.J., Nov. 29, 2017 - John Gee-Grant will join QMA in the newly created role of head of international distribution and global consultant relations, as the company continues to expand its global capabilities in client and business development.

November 09, 2017

Prudential, PIC Reach $1.2 Billion Longevity Reinsurance Agreement

NEWARK, N.J., Nov. 09, 2017 - Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE:PRU), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance transaction since 2015. In the agreement, The Prudential Insurance Company of America assumes the longevity risk for $1.2 billion (about £900 million) in pension liabilities, covering approximately 4,000 pensioners across four pension schemes.

October 20, 2017

Pramerica opens state-of-the-art campus in Letterkenny

LETTERKENNY, Republic of Ireland, Oct. 20, 2017 – Pramerica Systems Ireland Limited, a wholly-owned subsidiary of Prudential Financial, Inc., today opened a new €42 million campus in Letterkenny, continuing its long-term commitment to County Donegal. Opening with just eight employees in 2000, Pramerica has grown to become the largest employer in the northwest region with more than 1,500 people on staff.    

September 22, 2017

For Asia’s rapidly aging populations, innovation and forward-thinking policies drive retirement security

TAIPEI, Taiwan, September 22, 2017 - The quickening pace of aging in Asia – a region with more than half the world’s population over 60 – has urgent implications for the region’s families, retirees, pensions and policy makers.

September 14, 2017

MMC UK Pension Fund, advised by Mercer, selects Prudential and Canada Life Reinsurance to reinsure the longevity risk of £3.4 Billion ($4.3 billion) in pension liabilities

The Trustee of the MMC UK Pension Fund (the “Fund”) has announced the largest longevity risk transfer for a UK pension fund since 2014. The transaction, which reinsures the longevity risk of £3.4 billion ($4.3 billion) in pension liabilities, will provide long-term protection and income to the Fund in the event that the covered participants live longer than expected. It also lowers the risk that Marsh & McLennan Companies will face unexpected pension contributions due to an increase in pensioner life expectancy.