Best's Insurance News & Analysis subscription required - August 13, 2019 15:04:00 Eastern Daylight Time

Prudential Financial, HSBC Tap Captive to Transfer $8.44 Billion in Pension Longevity Risk

Aon plc said it advised HSBC Bank in Bermuda on a £7 billion (US$8.44 billion) longevity swap involving the HSBC Bank (UK) Pension Scheme and Prudential Insurance Company of America. . . .

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AMB# Company Name
033604 Aon plc
030884 HSBC Holdings plc
058182 Prudential Financial, Inc.