Prudential has been a reliable PRT partner for nearly a century

Recent legal actions targeting the pension risk transfer market have raised concerns across the industry. We believe it is important to speak out on behalf of the retirees we serve and the integrity of the regulatory system that protects them.

In filing these lawsuit(s), class action attorneys are attacking the state insurance regulatory system, the health of the entire pension risk transfer industry, and the very retirees whose pension obligations are safeguarded through these transactions.

 The class action attorneys show no understanding of reinsurance but nonetheless make unsubstantiated and erroneous allegations. Although Prudential is not a party to the lawsuit, Prudential vehemently denies all allegations made against it in the complaint. All of Prudential’s reinsurance transactions are structured and executed in full compliance with legal and regulatory requirements, under the robust oversight of our insurance regulators. Prudential is widely regarded as a safe and secure insurance company and diversified financial services organization, with exceptional financial strength and stability. 

This year marks the 150^th anniversary of Prudential proudly fulfilling the promises it makes to all its customers. We believe in the quality of the pension risk transfer market and the important role that this market and Prudential will continue to play in providing stability to plan sponsors and retirement security to the individuals we serve. We look forward to fulfilling these promises during the next 150 years and beyond.