Tag: PRT

Pensions October 9, 2024

Plan Sponsors Increasingly Seek to Divest All DB Liabilities Amid Corporate Scrutiny

Some 93% of companies with de-risking plans expect to completely divest their defined benefit liabilities, according to a MetLife survey.

Pensions September 19, 2024

Rate Cuts Unlikely to Affect PRT Market in Short Term

Funds are more sensitive to long-term rates, upon which the Federal Reserve’s action will have little impact.

Pensions September 12, 2024

IBM Secures $6B Pension Risk Transfer With Prudential

The latest deal follows the company closing its defined contribution plan in 2023 in favor of a cash-balance pension plan and an earlier $16 billion PRT.

Pensions September 6, 2024

Pension Risk Transfer Market Reaches $26 Billion in Transaction Volume in H1 of 2024

In the U.K. and U.S., large plans are increasingly seeking PRTs.

Regulation June 24, 2024

No Recommendations Yet From the Labor Department on PRT Provider Selection

The department published its overdue report on the rules for selecting an annuity provider, but put off making any changes.

Pensions June 13, 2024

3M to Transfer $2.5B in Pension Liabilities to Met Tower Life

The pension risk transfer will cover 23,000 of the company's retirees.  

Pensions June 7, 2024

Pension Risk Transfer Premiums Reach $14.6 Billion in Q1

146 contracts were sold in the quarter, a 26% increase from Q1 2023 and an all-time record.

Pensions May 28, 2024

Entergy Enters $1.2 Billion Pension Risk Transfer with MetLife

The transaction is one of many billion-dollar annuity buyouts to occur this year.  

Alternatives April 4, 2024

Blue Owl Announces $750M Kuvare Acquisition in Latest Insurance Deal

The alternative asset manager plans to create Blue Owl Insurance Solutions following the purchase of Kuvare Asset Management and life and annuity insurance firm Kuvare UK Holdings. 

Pensions April 1, 2024

Unisys Announces $200M Pension Risk Transfer

The transaction is Unisys' sixth since 2021 and its third with F&G Annuities & Life. 

Pensions March 28, 2024

US PRT Premiums Increase 53% From Last Year in Q4 2023

Pension risk transfer premiums hit $12.7 billion last quarter. 

Corporate Moves March 25, 2024

PRT Market Headed for Another Year Over $40B, Aon Says

With Shell and Verizon both conducting large transfers in recent months, 2024 has already seen more than $10 billion.

Risk December 20, 2023

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.

Pensions November 17, 2023

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.

Regulation August 29, 2023

Prudential Closes $1 Billion PRT Deal With PSEG

The utility company is looking for greater financial predictability and approved the partial annuitization of their pension plan.