BIG DEAL: IBM Offloads $16 Billion in Pension Liabilities to Prudential Financial and MetLife

Posted on 09/15/2022

Prudential Financial, Inc. was selected to participate in a US$ 16 billion pension risk transfer transaction with International Business Machines Corporation (IBM), the second-largest pension risk transfer ever in the U.S. market. Under the terms of the agreement, The Prudential Insurance Company of America, a subsidiary of Prudential Financial, Inc., and Metropolitan Life Insurance Company…

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