Prudential awarded $9.2 billion international longevity risk transfer mandate by nn life, expanding prudential institutional retirement strategies into the netherlands

Newark, n.j.--(business wire)--prudential financial, inc. (nyse: pru) today announced that its subsidiary entered into a $9.2 billion1 longevity risk transfer agreement with nn life, a subsidiary of nn group. the transaction reinsures a block of more than 200,000 policies with the prudential insurance company of america (prudential), effective dec. 31, 2023. the deal marks prudential's first international longevity reinsurance transaction in the dutch market and directly aligns to the company's.
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