Pensions
Shell Closes $4.9B Pension Risk Transfer With Prudential
The pension obligations cover 21,500 of the company's retirees, the first large PRT transaction in the U.S. this year.
Tag: Pension Risk Transfer
Research
WTW Predicts Record Year in UK Bulk Annuity Transactions, Longevity Swaps in 2024
These types of transactions are rising, due to an increase in pension funding and the positive outlook on the U.K. insurance sector.
Pensions
Pension Risk Transfer Growth Fuels UK Insurance Rating
Higher interest rates have boosted the funded statuses of U.K. pension schemes and given Fitch Ratings reason for optimism.
Risk
Pension Risk Transfer Contracts Hit Record Numbers in 3Q
Dollar volume lagged, but that may be a sign of smaller plans’ increased use of PRTs.
Asset Allocation
Growth or Funding Preservation?
How higher interest rates are changing the investment objectives of fully funded pension funds.
Pensions
Pension Risk Transfers Poised for 2nd Strongest Year Ever
AT&T’s May transaction and other large PRTs push up the tally, Legal & General reports.
Pensions
ATI to De-Risk Nearly $1.8B in Pension Obligations
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
Private Equity Moves Into Insurance: Rewards Are Strong, but So Is Risk
The tiff over Brookfield’s new acquisition underscores the pros and cons.
Pensions
Pension Risk Transfers Hit Highest Level Ever
Companies that sold their plan liabilities to insurers set records for dollar volume and deal numbers in the first half of 2023, per an Aon study.
Regulation
Changes to Pension Risk Transfer Rules Might Be Coming
The ERISA Advisory Council met this week to discuss possible changes to IB 95-1, which outlines how fiduciaries should select an annuity provider.
Corporate Moves
Fidelity Forms Bermuda Reinsurance Firm Focused on PRT
The reinsurer was set up to manage risk from the booming pension transfer and retail annuity markets.
Pensions
Pension Risk Transfer Costs Rose in May
Milliman index shows that insurers’ appetite for interest-rate risk may be waning.
Pensions
PPG Agrees to Transfer Pensions of 4,000 Retirees
The $309M transaction moves the liabilities to insurers Legal & General and RGA.
How Managers of Pension Funds, OCIOs Are Approaching Risk
Whether aiming to transfer or reduce risk or looking to diversify, managers are considering a wide range of options, including private credit.
Pensions
PRT Sales Set New Q1 Mark at $6.3 Billion
Early data for Q2, including an $8.05 billion transfer by AT&T, keep buy-outs in 2023 far ahead of last year’s pace.