Prudential Financial, Inc. (NYSE: PRU) (PFI), a financial wellness leader and premier active global investment manager with more than $1.6 trillion in assets under management as of December 31, 2020, has operations in the United States, Asia, Europe, and Latin America. PFI’s diverse and talented employees help to make lives better by creating financial opportunity for more people. PFI’s iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century.
PFI is an award-winning provider of pension risk transfer solutions focused on securing long-term pension obligations for individuals around the world. PFI specialises in buy-ins and buyouts in the United States and reinsurance transactions globally, including longevity reinsurance and funded reinsurance. PGIM, the global asset management business of PFI, is a top-ten institutional asset manager worldwide and manages assets for PFI’s insurance and reinsurance contracts.
Prudential Financial, Inc. of the United States is not afﬁliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
Club Vita’s mission is to drive the development and market adoption of longevity risk management tools and techniques. It does so by delivering analytics and reports that support assumption setting, pricing, valuation, capital and risk management strategies for longevity-linked liabilities. Club Vita’s dataset is based on the pooled experience of its members (generally defined benefit pension plans) on which it conducts statistical analysis for the benefit of all contributors.
Club Vita was established in the UK in 2008 and expanded operations to Canada in 2015. In both the UK and Canada, the Club Vita data set covers approximately 1 in 4 of all retirees with defined benefit pension benefits. Club Vita launched in the US in 2019 to bring its advanced longevity analytics to US actuaries and is in the process of expanding its US data set from its current 1.5m to 2m in-force retirees by the end of 2021.
Reinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions. Founded in 1973, RGA is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual and group life reinsurance, annuity reinsurance, longevity risk transfer health reinsurance, facultative underwriting, product development, and financially motivated reinsurance. To learn more about RGA and its businesses, visit the company’s website at www.rgare.com.
Hannover Re, with gross premium of more than EUR 24 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with more than 3,000 staff. Established in 1966, the Hannover Re Group today has a network of more than 170 subsidiaries, branches and representative offices worldwide. Hannover Re has started the reinsurance of longevity risks already in the last millennium with the introduction of underwritten annuities in the UK. Since then the company has reinsured around EUR 40 billion in longevity business mainly in the UK and Continental Europe and is also very active in all other continents in the northern and southern hemisphere. The Hannover Re Group offers various structures for the transfer of longevity risks whether as a reinsurance treaty or financial instrument.
SCOR, a Global Tier 1 Reinsurer
SCOR, the world’s fourth largest reinsurer, offers its clients a diversified and innovative range of solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.
SCOR offers its clients an optimal level of security with its AA- rating from S&P and Fitch. The Group generated premiums of more than EUR 16 billion in 2020, and serves clients in more than 160 countries from its 38 offices worldwide. For more information, visit: www.scor.com