Pension Risk Transfer Market Sets Q1 Record
The first quarter of 2024 has already seen two jumbo PRT deals, with Verizon and Shell offloading their pension liabilities.
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The first quarter of 2024 has already seen two jumbo PRT deals, with Verizon and Shell offloading their pension liabilities.
With Shell and Verizon both conducting large transfers in recent months, 2024 has already seen more than $10 billion.
The risk transfer market is set to experience “unprecedented change” in 2024, according to Hymans Robertson.
With pension risk transfers seeing record growth, insurers are seeking cost-effective solutions to manage the increasingly complex portfolios and transactions.
There’s been a raft of important news this month, with top stories including Buck’s completion of what is perhaps the industry’s first GMP equalisation project.