Prudential Closes Pension Risk Transfer For US$ 4.9 Billion
Posted on 02/09/2024
Prudential Financial, Inc. closed a pension risk transfer transaction with Shell USA, Inc. for US$ 4.9 billion in pension obligations covering 21,500 of the company’s U.S. retirees. As a result of this transaction, PFI, through its subsidiary, The Prudential Insurance Company of America, will be responsible for the pension benefit payments to these retirees beginning…
