Browsing: News: August 2025
$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.