Newsmakers
Andrew Sullivan Named Next CEO of Prudential Financial
Sullivan, who oversees PGIM, will succeed Charles F. Lowrey in the role.
The industry also is expanding its exposure to stocks and alts, amid rising rates.
The pension fund aims to hedge against any unexpected rise in life expectancies.
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes.